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Discover(R) And Walmart Extend Network Agreement

March 29, 2010

Discover Continues to Be the Exclusive Payments Network for the Walmart Discover(R) Card

RIVERWOODS, Ill., Mar 29, 2010 (BUSINESS WIRE) --Discover(R) today announced the extension of its multi-year, network agreement with Walmart through 2015. Discover will continue to be the exclusive network for transactions made on the Walmart(R) Discover(R) card, which was launched in 2005 and is issued by GE Money bank.

"Our relationship with Discover is important to the success of our Walmart network branded consumer card program," said Jane Thompson, president of Walmart Financial Services. "We see significant brand alignment between Discover and Walmart, and with our ability to provide innovative features, we know this relationship will continue to deliver value to our customers and cardholders."

"Discover has been the exclusive network for the Walmart Discover card since its launch in 2005, and this extension represents a commitment to further strengthening our relationship," said Diane Offereins, executive vice president of payment services at Discover.

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 www.discoverfinancial.com.

SOURCE: Discover Financial Services

Mai Lee Ua
Discover
224-405-3082
maileeua@discover.com