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Discover Financial Services Recognized For Information Technology Innovation

September 28, 2007

InformationWeek 500 Ranking Highlights Functionality of Discover(R) Business Card and Improvements to Web Site User Experience

RIVERWOODS, Ill.--(BUSINESS WIRE)--Sept. 28, 2007--For the second straight year, Discover Financial Services ranks among the top half of U.S. companies on the distinguished InformationWeek 500 list of the most innovative users of information technology.

Discover's 2007 entry highlighted its technology department's accomplishments associated with the online functionality of the Discover(R) Business Card and the creation of tools to improve the user experience at www.DiscoverCard.com.

"This recognition further highlights our technology staff's use of holistic strategic solutions to serve every aspect of our company," said Diane Offereins, Discover's chief technology officer. "It also underscores Discover's commitment to continually improving products and services that give our customers what they expect in terms of service, convenience and safety."

For nearly 20 years, InformationWeek has identified and honored the nation's most innovative users of information technology with its annual listing. The list is unique among corporate rankings because it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders.

"The InformationWeek 500 honors today's leading companies who set the benchmark for business technology strategies and projects," said John Siefert, InformationWeek vice president and publisher. "The companies on our list are some of the most innovative users of technology."

Discover ranked 174th in 2007, the second straight year that the company has being among the top 200 companies on the list.

About InformationWeek (www.informationweek.com)

InformationWeek is the leading multimedia Business Technology brand - online sites, magazine, events and research - providing CIOs and IT decision makers with unique perspective and tools that work in lock step with their decision making process - from the setting of business strategies to the evaluation and recommendation of technology solutions. Through its cross-media platform, InformationWeek provides editorial content developed by both journalists and CIO and IT peers delivered when and how they want it, 24/7. For Technology Marketers, InformationWeek offers a dynamic portfolio of products to engage and align with the largest, most influential buying audience in the market. This means marketing solutions that target broad audiences (reach), as well as media programs organized by content themes and specific audience segments (composition). The InformationWeek audience of 3 million buyers, includes CIOs, IT executives and business managers who cut across industries, job titles, company sizes and global borders.

About CMP Technology (www.cmp.com)

CMP Technology is a marketing solutions company serving the technology industry. Through its market-leading portfolio of trusted information brands, CMP has earned the confidence of more technology professionals than any other media company. As a result, CMP is the premier provider of access, insight and actionable programs designed to connect sellers and buyers in ways that yield superior return on investment. CMP Technology is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com), a global provider of news distribution and specialist information services with a market capitalization of more than $3 billion.

About Discover Financial Services

Discover Financial Services (NYSE: DFS) operates the Discover Card with more than 50 million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom. Discover Financial Services also operates the PULSE ATM/debit network, which serves more than 4,400 financial institutions and includes nearly 260,000 ATMs, as well as POS terminals, nationwide. For more information, visit www.discoverfinancial.com.

CONTACT: Discover Financial Services
Jon Drummond
224-405-1888

SOURCE: Discover Financial Services