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Discover® to Match Cardmember Donations for Hurricane Matthew Relief Efforts

October 10, 2016

Discover Pledges up to $500,000 in Donations to American Red Cross

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE:DFS) announced today that it is pledging up to $500,000 to the American Red Cross for Hurricane Matthew relief efforts through a cardmember donation matching program. For every cardmember who donates to the American Red Cross using their Cashback Bonus®, or by making a donation with their Discover card, Discover will match those donations dollar-for-dollar up to $500,000. Discover is also waiving the transaction fees on all credit card donations to the American Red Cross for the immediate future.

Discover also will be matching employee donations to the American Red Cross dollar-for-dollar through their Employee Giving Program.

“Hurricane Matthew has created an urgent need for assistance in Haiti, the Bahamas, and the U.S.,” said David Nelms, Chairman and CEO of Discover. “Our cardmembers and employees share a strong interest in supporting relief efforts and providing a means of doing so will help make their donations go further and assist more people.”

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 Financial Services

Matthew Towson, 224-405-5649

matthewtowson@discover.com