August 07, 2003

Discover Financial Services Partners With Wildcard Systems To Provide A Variety Of Card Solutions

RIVERWOODS, Ill., August 7, 2003…Discover Financial Services, a business unit of Morgan Stanley (NYSE:MWD), today announced that it has partnered with WildCard Systems, a Florida-based prepaid technology company, to provide services for issuers to utilize the Discover/NOVUS Network. This partnership enables issuers to distribute prepaid card products by utilizing the Discover/NOVUS Network.

Some of the benefits of the partnership between Discover Financial Services and WildCard Systems are as follows:

· Targeted authorization
· Multiple-purse capabilities
· Integrated web services
· Logo flexibility
·Distribution and redemption of various card types
·More than 4 million merchant and cash access locations
·Real-time authorization and zero floor limit which limits fraud potential
·Complete turnkey service

“For the past few years, Discover Card merchants and WildCard's clients have been asking for a flexible and scalable solution for their stored value and other card payment needs,” said Tom Dailey, senior vice president, Discover Financial Services. “The partnership brings many synergies and solutions to both Discover Card merchants as well as WildCard's clients and allows businesses to enhance their current practices with stored value/gift cards with an eye toward the future,” added Dailey.

“Our partnership with Discover makes it possible for clients to capitalize on our unique processing services and respond to opportunities for prepaid cards that require branding flexibility, creative methods of distribution, as well as targeted acceptance for gift, rebate, coupon, promotion and insurance cards. Collaborating with Discover/NOVUS Network represents a strategic opportunity for WildCard to continue developing and deploying innovative electronic payment solutions,” said Gary Palmer, Chief Operating Officer, WildCard Systems.

About WildCard Systems
WildCard Systems is the global solutions leader in turnkey host based prepaid cards and custom stored-value products. These products serve a wide range of vertical markets in both consumer and commercial applications and are made available to end users through banks and commercial clients in the U.S. and internationally. WildCard has developed a secure technology and services platform that are configured and managed for its clients' success. Founded in 1997, WildCard Systems is a privately held, venture capital backed company. The company is headquartered in Sunrise, Fla. with domestic and international facilities in Silicon Valley, Orlando and Singapore. For more information, visit

About Discover Financial Services, Inc.
Discover Financial Services, a business unit of Morgan Stanley, operates the Discover Card brands and the Discover/NOVUS Network for its more than 50 million Cardmembers. The Discover/NOVUS Network is the largest proprietary credit card network in the United States with more than 4 million merchant and cash access locations. For more information see