InformationWeek Recognizes Creation of Online Tools That Help
Cardmembers Track Spending and Manage Debt
RIVERWOODS, Ill.--(BUSINESS WIRE)--Oct. 5, 2009--
The creation of customized online tools that help consumers manage debt
and analyze their spending earned Discover a place on the 2009
InformationWeek 500 annual list of the most innovative users of
information technology.
InformationWeek recognized Discover for launching an innovative series
of online financial planning tools to help consumers get a clearer view
of their spending behavior, manage their debt better and empower them to
make smart financial decisions. This is the fourth consecutive year that
Discover has made the list.
“This recognition underscores Discover’s promise to empower people to
make constructive and informed decisions when it comes to their
finances,” said Glenn Schneider, senior vice president and chief
information officer. “Our technology teams work hard to prioritize
projects that fulfill our mission and contribute to the bottom line.”
From a technology perspective, these new tools were Discover’s first
move toward Web 2.0 components. Discover’s Spend Analyzer Tool® has
an interactive summary to help consumers get a better understanding of
their spending habits by organizing all of their Discover card purchases
into categories such as travel, supermarkets and retail merchandise.
Cardmembers can see exactly where their money is going. The Paydown
Planner gives cardholders a customized look at how long it will take to
pay down a balance over a specific amount of time.
“For over 20 years, the InformationWeek 500 has honored the most
innovative users of business technology,” said InformationWeek
Editor-in-Chief Rob Preston. “Year after year, InformationWeek 500
companies harness technology to improve efficiency, boost productivity,
drive revenue, and establish a competitive advantage. We applaud this
year’s winners, and the CIOs and other executives whose ingenuity and
risk taking are at the center of business technology innovation.”
Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.
About Discover
Discover Financial Services (NYSE: DFS) is a leading credit card issuer
and electronic payment services company with one of the most recognized
brands in U.S. financial services. Since its inception in 1986, the
company has become one of the largest card issuers in the United States.
The company operates the Discover card, America's cash rewards pioneer,
and offers student and personal loans, as well as savings products such
as certificates of deposit and money market accounts. Its payments
businesses consist of Discover Network, with millions of merchant and
cash access locations; PULSE, one of the nation's leading ATM/debit
networks; and Diners Club International, a global payments network with
acceptance in 185 countries and territories. For more information, visit www.discoverfinancial.com.
Source: Discover Financial Services
Mai Lee Ua
Discover
224-405-3082
maileeua@discover.com