Discover® Card Now Exclusively Accepted At Dollar General Stores
August 26, 2004
Riverwoods, Illinois –August 26, 2004 – Discover
Financial Services, a business unit of Morgan
Stanley (NYSE:MWD), today announced that it has
signed an exclusive acceptance agreement with
Dollar General Corporation (NYSE:DG).
Discover®
Card will be the only credit card accepted for
payment at more than 5,500 Dollar General stores
in 27 states and will be accepted at all of Dollar
General's more than 7,000 stores chain wide.
In the past, Dollar General accepted only cash
and personal checks as forms of payment. Fifth
Third Bank Processing Solutions has been selected
as the electronic card processor for all electronic
payments.
“Dollar General is a leader
in the fixed price retailing industry and we are
pleased that our Cardmembers will now be able
to use their Discover Cards to take advantage
of the terrific values offered by Dollar General,”
said David Nelms, chairman and chief executive
officer, Discover Financial Services, Inc. “We
are very excited about this exclusive partnership,
which will allow our Cardmembers to use their
cards for everyday essentials.”
“Our
partnership with Discover makes it possible for
us to continue to provide convenience to our busy
working families, while maintaining our low prices,”
said David A. Perdue, chairman and chief executive
officer, Dollar General Corporation. “We are
excited to partner with Discover to offer our
customers a payment option that is fast, convenient
and rewarding.”
About Discover Financial
Services, Inc.
Discover Financial Services,
Inc., a business unit of Morgan Stanley (NYSE:MWD),
operates the Discover Card and the Discover Network
for its more than 50 million Cardmembers. Discover
Network is the largest independent credit card
network in the United States with approximately
4 million merchant and cash access locations.
For more information, visit www.discovercard.com.
About Dollar General Corporation
Dollar
General is a Fortune 500® discount
retailer with 7,079 neighborhood stores in thirty
states as of July 30, 2004. Dollar General stores
offer convenience and value to customers by offering
consumable basic items that are frequently used
and replenished, such as food, snacks, health
and beauty aids and cleaning supplies, as well
as a selection of basic apparel, housewares and
seasonal items at everyday low prices. The Company
store support center is located in Goodlettsville,
Tennessee. Dollar General's Web site can be reached
at www.dollargeneral.com.