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Discover Recognized For Innovative Business Technology By CIO Magazine

August 27, 2015

Company Wins CIO 100 Award for New Banking Platform

RIVERWOODS, Ill.--(BUSINESS WIRE)--Aug. 27, 2015-- Discover Financial Services (NYSE: DFS) has been recognized by IDG’s CIO magazine as a recipient of the 2015 CIO 100. The 28th annual award program honors companies that develop innovative information technology initiatives that drive measurable business results.

Discover, a leader in the direct banking industry, earned a spot on the list by implementing a cutting edge banking platform that allows the company to better meet the needs of its customers while providing the flexibility to quickly introduce new products and services. The new platform provides Discover’s customer service agents with a single cohesive view of the customer relationship and real-time automation resulting in improved service and efficiency. The flexibility of the new platform also provides the ability to quickly innovate and more easily incorporate and adapt to compliance requirements.

“We successfully merged leading edge software, innovative architecture and customer-focused design principles to produce a one-of-a-kind banking platform,” said Glenn Schneider, executive vice president and CIO at Discover. “Discover is now poised to continue providing our customers with excellent service while helping them achieve a brighter financial future.”

Recipients of this year's CIO 100 Award were selected through a three-step process. First, companies filled out an online application detailing their innovative IT and business initiatives. Next, a team of external judges (many of them former CIOs) reviewed the applications in depth, looking for leading-edge IT practices and measurable results. Finally, CIO editors reviewed the judges' recommendations and selected the final 100.

"For 28 years now, the CIO 100 awards have honored the innovative use of technology to deliver genuine business value," said Maryfran Johnson, Editor in Chief of CIO magazine & events. "Our 2015 winners are an outstanding example of the transformative power of IT to drive everything from revenue growth to competitive advantage."

About CIO

CIO is the premier content and community resource for information technology executives and leaders thriving and prospering in this fast-paced era of IT transformation in the enterprise. The award-winning CIO portfolio--CIO.com, CIO magazine (launched in 1987), CIO executive programs, CIO strategic marketing solutions, CIO Forum on LinkedIn, CIO Executive Council and CIO primary research—provides business technology leaders with analysis and insight on information technology trends and a keen understanding of IT’s role in achieving business goals. Additionally, CIO provides opportunities for IT solution providers to reach this executive IT audience. The CIO Executive Council is a professional organization of CIOs created to serve as an unbiased and trusted peer advisory group. CIO is published by IDG Enterprise, a subsidiary of International Data Group (IDG), the world’s leading media, events, and Research Company. Company information is available at www.idgenterprise.com.

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 issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts, certificates of deposit and money market accounts through its direct banking business. It operates the 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.discover.com/company.

Source: Discover Financial Services

Discover
Rob Weiss
224-405-6304
robertweiss@discover.com