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Discover Financial Services yesterday announced the opening of a new subsidiary, Discover Information Technology Ltd., in China, to support Discover's data-analysis and modeling operations. The new operation in Shanghai's Huangpu District will house 45 analysts. Discover, which plans to double that workforce by 2009, has been making inroads into China in recent years. In May 2007, the Riverwoods, Ill.-based company opened the Discover Financial Services Representative Office in Shanghai to support its long-term agreement with China Unionpay. The agreement gives Discover cardholders access to China Unionpay's merchant locations and ATMs across Mainland China. It also provides China Unionpay cardholders access to ATMs and payment terminals at retail locations across the U.S. on Discover's Pulse electronic funds transfer network.

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