October 13, 2010

Discover Announces Merchant Acquiring Agreement With First National Bank Alaska

Top 100 Merchant Acquirers in the United States Now Provide Discover Acceptance as a Standard Part of Their Merchant Services Offering

RIVERWOODS, Ill., Oct 13, 2010 (BUSINESS WIRE) -- Discover Financial Services (NYSE: DFS) today announced that it has signed a merchant acquirer agreement with First National Bank Alaska. This agreement enables First National Bank Alaska to provide acceptance of Discover cards to its entire merchant portfolio in a simple, integrated package, giving merchants a convenient method to accept Discover and benefit from the millions of cardmembers and billions in spending each year.

The agreement with First National Bank Alaska also marks a significant milestone for Discover, representing the completion of a multi-year effort to secure agreements and implement merchant acquiring programs with all of the top 100 merchant acquirers in the United States. As a result, Discover is now accepted at millions more merchant locations than ever before, thereby, providing Discover cardmembers with the ability to use their cards all across the country.

"Discover's ability to provide a complete solution to the acquiring community has driven dramatic growth in merchant acceptance for the company, and is highlighted by the agreements we have in place with the country's top 100 merchant acquirers," said Gerry Wagner, Vice President of global acceptance at Discover. "Cardmembers will benefit from the ability to use their cards wherever they shop, anywhere in the country, allowing them even more opportunities to reap the great benefits offered by our issuing partners."

"We are pleased to offer our merchants an expanded merchant program to include Discover," said Christine Newsome, Vice President at First National Bank Alaska. "With this program in place, we can offer our merchants a comprehensive solution that allows them to maximize their business growth opportunities."

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of 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 more than 185 countries and territories. For more information, visit

SOURCE: Discover Financial Services

Laura Gingiss, 224-405-0185