WASHINGTON, May 06, 2010 (BUSINESS WIRE) --NAFCU
Services Corporation announced today the addition of Discover(R)
(www.nafcu.org/discover)
to its Preferred Partner Program for national payment network solutions
for credit unions.
"What made Discover really stand out is the fact that its payment
network solutions can help credit unions drive member loyalty and
acquisition, responsible consumerism, product differentiation and
innovation," said David Frankil, president of NAFCU Services. "All of
which are values that fit perfectly with the solutions offered in the
NAFCU Services Preferred Partner Program."
Discover's robust national payment network solutions will provide NAFCU
members with turnkey credit, debit and prepaid card programs built to
attract and retain members through expanded, enhanced and competitive
solutions. Discover's solutions are well suited to meet the needs of
credit union issuers. As such, credit unions may choose one or multiple
products to suit their member base, satisfying both consumer and
business needs. In addition, NAFCU member credit unions receive special
benefits on Discover's payment solutions.
"Working with NAFCU Services enables us to better deliver innovative
payment network solutions to credit unions," said Kevin O'Donnell, vice
president of Credit Issuance, Discover. "We value the credit union
mission and strive to support and enhance the important role credit
unions have in their communities."
Preferred Partners undergo extensive evaluation and must pass muster
with the NAFCU Services Advisory Committee and Board of Directors, made
up of NAFCU member credit union CEOs and senior executives.
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.
About NAFCU Services
NAFCU Services Corporation is a wholly owned subsidiary of the National
Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services
has partnered with the industry's leading solutions providers to offer
value-added products and services at a discount to credit unions.
Currently, it offers 26 Preferred Partner programs to the credit union
community, and maintains the credit union locator Web site, CULookup.com.
For more information about NAFCU Services Corporation, please visit www.nafcu.org/nafcuservices.
To learn more about NAFCU Services, please visit our website at: www.nafcu.org/nafcuservices.
Learn best practices from the industry's most trusted providers in our
Partner Library at: www.nafcu.org/PartnerLibrary
SOURCE: Discover Financial Services
NAFCU Services Corporation
David Frankil
703-522-4226
dfrankil@nafcu.org
or
Discover Financial Services
Laura Gingiss
224-405-0185
lauragingiss@discover.com