Feb. 16, 2006

Discover Financial Services Partners With Credomatic To Promote Merchant Acceptance Of Discover® Network Cards In Central America

Riverwoods, Illinois – February 16, 2006 – Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS), and Credomatic International Corporation, a subsidiary of BAC International Bank Inc., have signed an agreement that facilitates the acceptance of Discover® Network Cards at more than 65,000 merchant locations in Central America.

Effective today, Credomatic and its affiliates will begin targeting major merchants in tourist destinations to offer the Discover® Network merchant acceptance program. At a later date, the offer of Discover Network Card acceptance will be extended to the company's entire merchant portfolio throughout the region.

Credomatic facilitates credit card services for more than 65,000 merchants in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. Discover Network is Discover Financial's payment network that provides support to issuers, acquirers, merchants, cash advance providers and their respective processors.

“Our agreement with Credomatic extends acceptance of Discover Network Cards into Central America for the first time,” said David Nelms, Discover Financial Services chairman and chief executive officer. “We are pleased to offer Discover Network Cardholders the ability to use their Cards in Central America. This is in addition to the acceptance we have already established at popular tourist destinations such as the Caribbean, Mexico and Canada.”

“Adding Discover Network Card acceptance to our network merchant acceptance program allows us to provide even better service to our merchant customers as we bring them 50 million additional Discover Network Cardholders,” said Ernesto Castegnaro, chief executive officer of Credomatic International Corporation. “Our merchants appreciate having access to more customers and to relevant international brands. We are enthusiastic about delivering better service to our merchants through our association with Discover Network.”

About Discover Financial Services
Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS), 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 4,200 banks, credit unions and savings institutions. For more information, visit www.discovercard.com, www.discovernetwork.com or www.pulse-eft.com.

About Credomatic
Founded in 1970, Credomatic International Corporation is the leading card issuer and merchant acquirer in Central America. It processed $3.32 billion in merchant sales in 2004 for over 65,000 merchant locations in the region. It operates in Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Mexico. Earlier this year, Credomatic announced a new partnership with GE Consumer Finance in which GE acquired 49.99% of BAC International Bank, Credomatic's parent company. GE Consumer Finance is one of the largest consumer lending businesses in North America.

Leslie Beyer
Discover Financial Services

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