Cashback Checking accounts pay customers 10 cents for every debit card purchase, online bill payment and cheque they write. Rewards are automatically added to the account holder’s Discover card Cashback Bonus balance.
The new accounts are now available to a limited number of Discover card members, with availability expanding to all card members gradually throughout 2013. A full consumer roll out is planned for 2014.
Discover Cashback Checking also includes an application that allows customers to bank on the go with mobile check deposit, mobile bill payments and an ATM locator.
Discover Financial Services was founded in 1986 as a direct banking and payment services company. The company operates the Discover card and provides home loans, private student loans, personal loans, online savings accounts, certificates of deposit and money market accounts through its direct banking business.
In recent news, global provider of payment and risk services WorldPay has expanded its strategic alliance with Discover Financial Services to enable WorldPays customers to accept PayPal in-store checkout at the brick-and-mortar locations of participating merchants.
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