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