Payments News

Discover’s new CEO sees partnerships driving digital financial networks

Nov 02, 2018

Discover Financial Services is known to many as a credit card processor, but Roger Hochschild, the new president and CEO, sees the company playing a partnership role to many of the smaller, emerging financial networks. Partnership was a recurring theme as Hochschild shared his vision for the company during the Money20/20 conference in Las Vegas.

Interviewed by Jordan McKee, research director at 451 Research, Hochschild said his vision for the company is to be a leading direct bank and payments processor as banking moves from branches to digital. At a time when fintechs are bringing a lot of innovation to financial services, Hochschild said the company plans to focus on innovation that adds value to both partners and customers.

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