Back

NAFCU Selects Discover As Preferred Partner For National Payment Network Solutions

May 06, 2010

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