RIVERWOODS, Ill., Oct. 11 -- Discover Financial
Services LLC, a business unit of Morgan Stanley
(NYSE: MWD), announced today that its Cardmembers
have donated $1 million to support the Hurricane
Katrina and Rita relief efforts through the company's
Cashback
® Bonus rewards program. Each
Cardmember Cashback Bonus donation, which will
go towards the American Red Cross relief efforts,
includes a 20% match from Discover Financial Services.
Cardmembers have been donating their
Cashback Bonus rewards to the American Red Cross
through the Discovercard.com website or by calling
1-800-DISCOVER since September 1.
In
addition to its Cardmembers' $1 million donation,
Discover Financial Services has committed significant
support for Cardmembers, merchants and others
affected by Hurricanes Katrina and Rita. The company
is offering Cardmembers affected by the hurricanes
assistance that includes payment relief, emergency
replacement cards, emergency PIN numbers and other
special services. Affected Cardmembers are urged
to call 1-800-DISCOVER for assistance. Discover
also will rebate all merchant fees associated
with disaster relief contributions made to the
Red Cross with Discover
® Card. To date,
the rebate amount is over $465,000.
"We
know our Cardmembers are deeply concerned about
the victims of Hurricanes Katrina and Rita, and
through their generosity $1 million has been raised
to help these victims in just over one month,"
said David W. Nelms, Chairman and Chief Executive
Officer of Discover Financial Services. "We hope
these donations will provide some assistance to
the many communities and victims in need, and
we are proud that our Cardmembers have responded
so enthusiastically to this effort."
About
Discover Financial Services Discover
Financial Services LLC, a business unit of Morgan
Stanley (NYSE:MWD), operates the Discover Card
with more than 50 million Cardmembers, the Discover
Network with more than 4 million merchant and
cash access locations and the PULSE ATM/Debit
network currently serving more than 4,000 banks,
credit unions and savings institutions. For more
information, visit
www.discovercard.com,
www.discovernetwork.com
or
www.pulse-eft.com.
Contact:
Jennifer Kang-Born
Discover
Financial Services, LLC
(224) 405-2347