April 11, 2006

Discover Financial Services Significantly Expands Atm Acceptance Of Discover® Cards Through Pulse® Atm Network

Riverwoods, IL, [April 11, 2006] – Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE: MS), today announced the acceptance of Discover® Cards at PULSE® ATMs, making it possible for Cardmembers to withdraw cash at 58 percent more ATMs nationwide. Discover Cards issued by Discover Bank are now accepted at approximately 350,000 ATMs and cash access locations, enabling Cardmembers to access cash virtually anytime and anywhere.

“Discover Cardmembers now enjoy broader ATM acceptance than ever before,” said Jan Martin, Vice President of Marketing for Discover Card. “This is part of our ongoing efforts to make our Cardmembers' lives easier by providing greater access to cash, more convenient payments options and innovative, new products and services that meet their financial needs.”

Discover Cardmembers are able to access cash quickly and easily through ATMs, via cash access checks or by presenting their Discover Cards and a valid ID at participating financial institutions. To find nearby Discover® Network cash locations, Cardmembers can visit

The introduction of PULSE ATM acceptance for Discover Cards demonstrates the continued business momentum and synergy resulting from Discover Financial Services' acquisition of the PULSE ATM/debit network in January 2005. The expanded acceptance was made possible by Discover Bank joining the PULSE network, which links cardholders with almost 250,000 ATMs and approximately 3.4 million POS terminals at retail locations nationwide.

“This is another way Discover Financial Services is leveraging its unique business mix to further grow our business, expand service, drive usage and build greater value for our Cardmembers,” continued Martin.

About Discover Financial Services LLC
Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE: MS), operates the Discover Card with more than 50 million Cardmembers, and the Discover Network, which is the largest proprietary credit card network in the U.S. with more than 4 million merchant and cash access locations. Discover Financial Services also operates the PULSE ATM/debit network, which serves over 4,200 financial institutions and includes almost 250,000 ATMs and approximately 3.4 million POS terminals. For more information, visit, or

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Media Contact:
Laura Gingiss
Senior Manager, Public Relations
Discover Financial Services LLC
(224) 405-0185