RIVERWOODS, Ill.--(BUSINESS WIRE)--Sep. 4, 2012--
Discover Financial Services, one of the leading direct banking and
payments companies in the U.S., and Russian Standard Bank (RSB), the
leader in the credit card market in Russia, today announced an extension
of their existing relationship to allow for RSB to become the exclusive
partner for issuance, acceptance and promotion of Discover cards in
Russia. This is the first time that Discover cards will be issued in
Europe.
The agreement was signed September 4th, 2012 at the official
opening of the Diners Club branch in Moscow.
In 2011, Russian Standard Bank became the exclusive strategic partner of
Discover Financial Services with the issuing and servicing of Diners
Club International (DCI) cards in Russia. The agreement signed today is
a new stage in the development of this partnership in which Russian
consumers will be offered a new card brand – Discover – with an
innovative product that boasts services and benefits which have proven
successful in the U.S. market.
Established in 1986, Discover Financial Services is one of the most
recognized brands in U.S. financial services market. Today, Discover is
one of the largest credit card issuers in the country, a leader of the
market, and pioneer of cash rewards programs of the North American
market.
“I am pleased to announce the extension of our partnership with Discover
Financial Services – the company offering one of the most popular credit
cards amongst American consumers,” said Dmitry Levin, CEO of Russian
Standard Bank. “This partnership will allow Russian Standard Bank to
enrich its portfolio of card brands and introduce the technical and
service know-how of Discover, an expert of credit cards and loyalty
programs in the U.S. The brand history of Discover is a story of great
success which the company has achieved in just a few decades in the
highly competitive market of financial services in the U.S. I am
confident that the Discover card from Russian Standard Bank will become
very popular amongst Russian consumers, too.”
“Our partnership with Russian Standard Bank, the largest credit card
issuer in Russia, as a DCI issuer and acquirer is helping us meet our
aggressive growth goals in Russia. We are thrilled to extend our
presence there and work with RSB to issue Discover cards, representing
the next milestone of a relationship that has been mutually beneficial,”
said Diane Offereins, President of Payment Services at Discover. “By
issuing cards abroad, Discover has a tremendous opportunity to build its
brand globally and share its most compelling attributes – including cash
rewards, service and value – with people all over the world.”
About Discover Financial Services
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 home loans, private
student loans, personal loans, online savings accounts, certificates of
deposit and money market accounts through its direct
banking business. 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 Russian Standard Bank
Russian Standard Bank was founded in 1999. Currently, Russian Standard
Bank occupies a leading position in consumer lending. Within ten years,
the Bank has created new standards of consumption in Russia. With its
consumer lending programs, the Bank has attracted more than 30 million
customers, and the volume of credit provided has exceeded 30 billion US
dollars. During the last three years, Russian Standard Bank issued more
than 30 million bank cards. In addition to credit and savings products,
the Bank offers settlement products and services, namely: current
accounts, payments and transfers and remote service channels. The Bank
also focuses on innovative and technological services, providing
Internet banking and Mobile banking services. Since 2005, the Bank has
been issuing American Express Cards and acquiring merchants on to the
American Express network in Russia. More detailed information is
available at www.rsb.ru.
Source: Discover Financial Services
Discover
Laura Gingiss
224-405-0185
lauragingiss@discover.com
or
Russian
Standard Bank
Artyom Lebedev
Office: + 7 495 797 84 20
Cell:
+ 7 985 997 18 04
pr@rsb.ru