June 13, 2006

Discover Financial Services Welcomes New Credit And Prepaid Card Issuers On The Discover® Network

Riverwoods, Illinois – June 13, 2006 –Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS), announced today that it has reached agreements with five financial institutions to issue credit or prepaid cards on the Discover® Network.

New network issuers include: Alliance Data, Dallas, Texas; First Bank & Trust, Brookings, S.D.; Morgan Beaumont Inc., Bradenton, Fla.; West Suburban Bancorp Inc., Lombard, Ill.; and Palm Desert National Bank, Palm Desert, Calif.
These five issuers are part of a growing list of previously announced issuers, including HSBC Bank Nevada, N.A., affiliates of GE Consumer Finance, and CompuCredit Corp., among others.

“Discover Network is pleased to announce these new relationships, which demonstrate our strategy of supporting multiple issuers and products while bringing choice and value to merchants, issuers and consumers,” said Joe Hurley, vice president of network strategic development for Discover Financial Services LLC. “The Network welcomes issuers of all sizes, ranging across the credit, debit and prepaid card product spectrum.”

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, 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 more than 4,200 financial institutions and includes nearly 250,000 ATMs and approximately 3.4 million POS terminals. For more information, visit, or

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Leslie Beyer
Discover Financial Services