david nelms is discovered ceo editors executives' club of chicago and then sat down for a conversation with the former chair of the council of economic advisers under president obama, austan goolsbee. this is about 45 minutes. >> thank you john, for the giunta letter to be here with you guys. we are going to discuss or we're going to hear from david about the digitization changing economic trends and how these are good impact financial services as well as partners, customers, et cetera. i'm honored to introduce david. all of you know him already but let me just give you the background you already know. as you know he is a the chairman of discover financial services, which means he's responsible for the company's credit cards, student loans, personal loans, home equity loans can mortgages and cds money market accounts and checking account services. in addition he oversees the discover network, the comprehensive payment network post one of the nations leading and debit networks diners club international, global payments network, and serves as chairman of discover bank, the issuing bank f

this is from david nelms, i better opened this. we've gotten to the point where we actually, through education of our people we actually send fake fake e-mails to see how many people click on them and went 30% of them click on them they get reeducated. >> okay. totally different. we've got two or three questions about let's call them digital wallet apple pay, paypal, the evolution of alternative payment systems. what does this mean for the credit card industry? what does it mean for consumers? where do you see this trend heading? >> when i mentioned partners, these are some of the new partners that are really exciting. because for the consumer there's going to be just an explosion of ways to pay and capability and an integration of payment with commerce. and i think there will be both integration and simplicity. if you think about apple one click, you click on it and it just happens. the goods get shipped, you don't even think about payment because it's in the wallet. and i think that generally speaking these new entities are all t

please join me and give a warm welcome to david nelms. [applause] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2015] david: with that interaction we're out of time. [laughter] it is an honor to be here. i do know very well the vital role this organization plays in the civic life on our city. how fortunate we all are to call chicago our home, even on a very cold day in february. from fortune 500 companies to start up companies from world-class universities and research labs to our position as a key transportation hub chicago really has it all. proud to be a hometown company. we were created in 1986 when we relaunched with a super bowl ad. that was a year the chicago bears won the game. we have always been based in the chicago area. we became a standalone chicago in 2007, one of the 32 fortune 500 companies headquarterdeed in the area. whatever your industry, and i know there are a lot of different i

. ♪ [marching band playing] >> up next on c-span, remarks at from david nelms.rsation on the air on nuclear framework agreement. on this morning's "washington journal," we will talk to tucker carlson a. >> of the national press club that will hold a discussion looking at the policy implications regarding hillary clinton's use of personal e-mail while serving as secretary of state. ill have live coverage here at 10:00 eastern here on c-span. on c-span2 rand paul will give a foreign-policy speech. watch live coverage from mount pleasant, south carolina at noon eastern. >> each night this week at 9:00 p.m. eastern, conversations with a few new members of congress. >> as a result i try to stay disciplined in my message. in a football since i stay within the hashmarks. i understand i represent everyone in montana. i represents not only the republican side, but i represent the democrat side, and the independent side the union side, i represent everyone in montana. i think if we take that value set forward, congress represent america. we truly articulate the values of

those things and he's still a very decent guy, and so please join me and give a warm welcome to david nelms. >> with that introduction, we're out of time. it is an honor to be here. i've been active as was mentioned, in the executive's club for many years so i do know very well the vital role this organization plays in the civic light of our city. how fortunate we all are to call chicago our home even on a very cold day in february. from fortune 500 companies to vibrant startup companies from world class universities and research labs to our position as a key transportation hub, chicago really has it all. discover is proud to be a hometown company. we were created out of sears in 1986 when we were launched with a super bowl ad and that was the year that the chicago bears won the game so it was auspicious beginning. we have always been based here in the chicago area. we became a stand alone public company spinning out of morp began stanley in 2007 and are proud to be one of the 32 fortune 500 companies that are head quartered in the chicago area. today i'd like to share a few thoughts about