Discover Looking at M&A Opportunities in Payments, CEO Says

The video features an interview with Roger Hawkschild, CEO of Discover, discussing the impact of COVID-19 on consumer spending, credit losses, and economic recovery. It covers Discover's financial strategies, including cost-cutting measures and marketing adjustments, and explores potential M&A opportunities. The discussion also highlights the challenges faced by consumers, the role of government stimulus, and Discover's approach to supporting customers during the crisis.

What has been the impact on sales volume for Discover cards during the economic downturn?

• Sales volume decreased by 30%

• Sales volume increased by 30%

• Sales volume remained stable

• Sales volume decreased by 10%

What is the expected unemployment rate factored into Discover's provisions for credit losses?

• 9%

• 12%

• 5%

• 15%

Where is Discover primarily cutting costs to manage expenses?

• Research and Development

• Headcount

• Marketing

• Technology

What is Discover's plan regarding its rewards program during the economic challenges?

• Increase rewards for frequent flyers

• Maintain the current rewards program

• Reduce rewards significantly

• Eliminate all rewards

What type of acquisitions is Discover considering to grow its business?

• Small-scale acquisitions in payments

• Large-scale acquisitions in retail

• Acquisitions in the travel industry

• Mergers with other credit card companies

How does Discover view its current mix of assets?

• Unbalanced and risky

• Focused solely on lending

• Balanced and satisfactory

• In need of major changes

What factor is crucial for the success of short-term bridge programs?

• Expansion of the travel industry

• Decrease in credit card interest rates

• Rapid return to work for consumers

• Increase in government taxes