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Relativity Fest 2019

Beth Solomon

Director & Senior Counsel, Payments, Discover Financial Services

Speaker Bio

Lead Advisor, Legal and Regulatory Compliance, New Payment Network Initiatives I Lead Negotiator. Complex Payment Network Transactions I Assistant Corporate Secretary, Discover Financial Services (Canada), Inc. and DFS GSD Corp (licensed money services business)

Beth is Director and Senior Counsel at Discover Financial Services, a public company and bank holding company with 2017 net income of $2.1 billion that operates the Discover Global Network, Diners Club International payment network and PULSE ATM network in 190 countries worldwide. She provides payment network management with legal advice, supports complex transactions and leads new initiatives through corporate governance approvals.

Beth represents Discover on an advisory group of payment network operators in Canada appointed by the Financial Consumer Agency of Canada, the payment network regulator in Canada, to implement the Code of Conduct for Credit and Debit Industry in Canada. She represents Discover’s Law Division in several payment network participant advisory groups: Acquirer Advisory Council, Acquirer Advisory Operations Council, and PULSE Executive Council. Beth serves as Assistant Secretary of Discover Financial Services (Canada), Inc., the payment network entity in Canada, and of DFS GSD Corp., a licensed money transmission business. She is the Law Division representative on Discover’s internal Payments Governance Committee. She recent served as Faculty for the Summit on Legal Innovation and Disruption (SOLID) East.

Beth advises payment network representatives on regulatory compliance aspects of new commercial products and features and provides advisory services supporting complex transactions. Her goal is to operate as a business lawyer by providing clients with timely, practical and innovative legal solutions designed to mitigate material compliance risks. As in-house counsel, Beth retains law firms in various commercial matters including regulatory compliance, advisory and bankruptcy litigation matters.

The remarks provided today by Ms. Solomon are her own and not those of Discover Financial Services or any of its subsidiaries.

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