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The Pulse debit network, Diners Club International, and the network partners of Discover Financial Services collectively generated $57.3 billion in second-quarter volume, a 14% increase from a year earlier, Discover reported Thursday.
Pulse, the biggest of the three units in Discover’s Payment Services segment, posted $44.3 billion in volume, up 14% from $38.8 billion in 2017’s second quarter, Riverwoods, Ill.-based Discover said. Pulse’s increase “reflects the impact of new issuers on the network as well as strong growth from existing issuers,” Discover’s second-quarter financial release says.
At Diners Club, volume rose 8% to $8.42 billion from $7.8 billion a year earlier, thanks largely to new franchise relationships, Discover said. Volume from cards issued by Discover’s network partners grew 33% to $4.6 billion, primarily because of more transactions on Discover’s AribaPay business-to-business payments network.
Meanwhile, volume on the Discover proprietary credit card network rose 9% to $36.3 billion from $33.3 billion a year earlier. In all, Discover and Payment Services volume totaled $93.7 billion, a 12% year-over-year increase from $83.5 billion. Transactions totaled 1.67 billion, up 10% from 1.51 billion.
The Payment Services segment generated $40 million in pre-tax income, up 11% year over year.
