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Purpose Solutions, LLC To Launch New Credit Card On Discover® Network

November 02, 2005
Atlanta, Georgia and Riverwoods, Illinois – November 1, 2005 – Purpose Solutions, LLC will launch a new credit card program on the Discover® Network under a definitive agreement announced today. The card, which is expected to be available in December, will be issued by Purpose Solutions through the First Bank of Delaware (OTCBB: FBOD).

Purpose Solutions is a subsidiary of CompuCredit Corporation (NASDAQ: CCRT) and Discover Network is part of Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE: MWD). CompuCredit is the 17th-largest general-purpose credit card issuer in the U.S.

The Purpose Solutions card program is another significant credit card program to be issued on the Discover Network this year.

“We are happy to be issuing on the Discover Network, which will provide additional functionality with its unique authorization system and infrastructure,” said Jay Giesen, executive vice president of retail services for Purpose Solutions.

“We are pleased to have the Purpose Solutions' new card program issued on the Discover Network,” said Harit Talwar, executive vice president of Discover Financial Services LLC. “This new credit card will further our transformation to a broad-based payments network supporting multiple issuers and products while bringing choice and value to merchants, issuers and consumers.”

About Purpose Solutions, LLC
Purpose Solutions, LLC is a subsidiary of CompuCredit Corporation. CompuCredit is a specialty finance company and marketer of branded credit cards and related financial services. CompuCredit provides these services to consumers who are underserved by traditional financial institutions. Through corporate and affinity contributions focused on the underserved and un-banked communities, CompuCredit also uses its financial resources and volunteer efforts to address the numerous challenges affecting its customers. For more information about CompuCredit, visit www.CompuCredit.com.

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 over 4,100 banks, credit unions and savings institutions. For more information, visit, www.discovercard.com, www.discovernetwork.com, or www.pulse-eft.com.

About First Bank of Delaware
First Bank of Delaware is a full-service, state-chartered commercial bank, whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The Bank provides diversified financial products through two locations in New Castle County, Delaware and additionally offers a variety of loan and card products nationally, to the underbanked. For more information about First Bank of Delaware, visit www.fbdel.com.

CONTACTS:
Jay Putnam
Purpose Solutions, LLC
770-206-6364

Jennifer Kang-Born
Discover Financial Services
224-405-2347