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Discover Recognized for Technology behind New Freeze It(SM)

March 16, 2016

Company Named a 2016 Digital Edge Award Winner for Developing Technology that Drives Measurable Business Results

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover was named a Digital Edge 25 award winner for the development of the Freeze It(SM) technology, a feature that allows customers to instantly freeze their credit cards if misplaced or stolen. The seamless technology allows Discover customers to freeze or unfreeze their accounts via the mobile app, online browser or by talking with customer service, providing them an easy-to-use experience while helping to prevent fraud.

The Digital Edge 25 awards, presented by the AGENDA16 conference and produced by IDG Enterprise, recognizes 25 organizations that put digital innovation at the center of their business and continually strive to be on the “edge” of digital disruption.

“Discover is always creating new and innovative features that help our customers easily access and take control of their accounts, so we’re honored that the Digital Edge awards has recognized Freeze It,” said Rich McGhee, senior vice president of application development for Discover. “We consider Freeze It a success not only because it gives customers more peace of mind if a card goes missing, but also because of the digital technology and agile methods used to bring this security feature to market.”

Rich McGhee and Laks Vasudevan, vice president of products and innovation at Discover, will speak about Discover’s award-winning project alongside other Digital Edge honorees at the AGENDA16 Conference taking place March 21-23, 2016.

“The Digital Edge awards were extremely competitive this year given the volume of innovative entries with measurable business impact,” said Anne McCrory, vice president of marketing and content strategy for the IDG Enterprise events team. “In both the B2B and B2C space, organizations are doing incredible things with data, mobile, cloud and sensors and showing great progress in scaling their digital efforts.”

Entries were judged by a premier panel of IT and business executives on a number of criteria, including complexity and innovation. Only those organizations with highly significant projects, impressive business results and superior collaboration among stakeholders made the list.

About Digital Edge 25 Award

The Digital Edge 25 Award recognizes a select group of digital achievers whose organizations have made great strides toward being a digital-centric business. These organizations have leveraged digital technologies such as mobile, analytics, cloud and sensors to achieve highly significant transformation or innovation for their business—a “digital edge” in their market. Selected by a panel of business and technology executives, winning applications are driving greater customer engagement and better business outcomes, including revenue or profit growth. The awards are produced by IDG Enterprise, an International Data Group (IDG) company, which brings together the leading editorial brands CIO, Computerworld, CSO, InfoWorld, ITworld and Network World to serve the information needs of technology and security-focused audiences. 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 and certificates of deposit 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 Media Relations

Rob Weiss, 224-405-6304

robertweiss@discover.com