Business & Finance
Wed, July 6, 2011Tue, July 5, 2011Mon, July 4, 2011Sun, July 3, 2011Sat, July 2, 2011Fri, July 1, 2011Thu, June 30, 2011Wed, June 29, 2011Tue, June 28, 2011Mon, June 27, 2011Sun, June 26, 2011Fri, June 24, 2011Thu, June 23, 2011Wed, June 22, 2011Tue, June 21, 2011CIO Magazine Recognizes Discover for Its Rapid Development Data Sourcing Initiative
Published in Business and Finance on Tuesday, June 28th 2011 at 5:20 GMT by Market Wire
RIVERWOODS, Ill.--([ BUSINESS WIRE ])--Discover Financial Services (NYSE: DFS) has been recognized by CIO magazine as one of the top 100 innovative organizations that effectively uses information technology to deliver measurable business value.
"By successfully deploying the Rapid Development Data Sourcing project, business programs accelerated by about 65 percent, allowing data-driven decisions to be made faster"
aBy successfully deploying the Rapid Development Data Sourcing project, business programs accelerated by about 65 percent, allowing data-driven decisions to be made faster,a said Glenn Schneider, senior vice president and chief information officer at Discover. aThe quick availability of data has led us to enhanced decision-making and risk management, increased operational effectiveness and customer satisfaction.a
The selection process for choosing this year's CIO 100 winners included an online application outlining innovative practices in business and technology and a review by CIO magazine editors. This is the fourth time Discover has made the list.
aThis yeara™s CIO 100 awards draws well-deserved attention to companies that are not only innovating with IT but creating genuine business value as well,a said Maryfran Johnson, editor in chief of CIO magazine & events. aThese winning companies and their IT organizations are an inspiration to businesses everywhere.a
About the CIO 100
The recipients of this year's CIO 100 award were selected through a three-step process. First, companies filled out an online application form detailing their innovative IT and business initiatives. Next, a team of judges reviewed the applications in depth, looking for unique practices and substantial results. Finally, CIO editors reviewed the judges' recommendations and voted on the final 100. Complete coverage of the 2011 CIO 100 awards will be online at [ www.cio.com ] on Aug. 1, 2011 and in the Aug. 1 issue of CIO magazine.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and 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 personal and student loans, online savings accounts, certificates of deposit and money market accounts through its [ Discover Bank ] subsidiary. Its payment 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 more than 185 countries and territories. For more information, visit [ www.discoverfinancial.com ].
