March 17, 2003

Discover® Card Launches Online Merchant Account Center

RIVERWOODS, Ill., Discover Financial Services, a business unit of Morgan Stanley (NYSE:MWD), today announced the launch of the Discover Merchant Account Center, which will offer its Merchants direct access and the ability to manage their accounts online at

More than four million Discover Merchants will now have access to their account activity and information 24 hours a day, 7 days a week. In addition, account information is updated daily so Merchants won't have to wait for their monthly statements to arrive in the mail.

With the Merchant Account Center, registered Discover Merchants can easily view a summary of account activity, confirm settlement amounts, review submitted Discover Card batches, and view transactions. Merchants can also order free supplies and signage, request paperless account reporting, and submit questions online to Discover Business Services.

“The Merchant Account Center is a faster, more convenient way for our Merchants to access account information and manage their business whenever and wherever,” said Tom Dailey, senior vice president, Discover Business Services, Discover Financial Services, Inc. “This new exciting feature on is just another way we provide value and convenience to our Merchants.”

Discover Financial Services, a business unit of Morgan Stanley, operates the Discover Card brands and the Discover Business Services network for its more than 50 million Cardmembers. Discover Business Services is the largest proprietary credit card network in the United States with more than 4 million merchant and cash access locations.