Riverwoods, IL – July 30, 2009 – Discover today announced that The Home Depot®, the world's largest home improvement retailer, will accept Discover® Zip® payment devices in its 1,974 U.S. stores.
Zip payment devices can be issued by banks in many forms. In addition to the traditional bank card or key chain fob, Discover’s new mini-adhesive card can be attached to personal items that are always at hand, such as a mobile phone, PDA or MP3 player. Purchases are made with a quick tap of these devices on a Zip reader found at the checkout.
“Zip provides our customers with the flexibility to use their Discover Card in a way that is most convenient for them. Saving time at the checkout provides added value to our merchants, our card issuers, and our account holders,” said Farhan Ahmad, General Manager, Prepaid & Director of Emerging Payments.
To learn more about Discover Zip, please visit http://discovernetwork.com/paymentsolutions/features/zip.html
About Discover Financial Services
Discover Financial Services (NYSE: DFS) is a leading credit card issuer and electronic payment services company with one of the most recognized brands in U.S. financial services. The company operates the Discover Card, America's cash rewards pioneer. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Its payments businesses consist of the Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in 185 countries and territories. For more information, visit www.discoverfinancial.com.
About The Home Depot
The Home Depot is the world's largest home improvement specialty retailer, with 2,242 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and China. In fiscal 2008, The Home Depot had sales of $71.3 billion and earnings from continuing operations of $2.3 billion. The Company employs more than 300,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.
Media Contact
Laura Gingiss
Discover Financial Services
(224) 405-0185
lauragingiss@discover.com