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Discover® Pledges $1 Million to Help Fund Hurricane Relief Efforts

September 11, 2017

Following Hurricanes Irma and Harvey, Company Expects to Raise Millions for the American Red Cross with Help from Cardmembers

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE:DFS) announced today an expanded effort to support the American Red Cross’s disaster relief efforts in the wake of Hurricane Irma.

The company is pledging $1 million to help support relief efforts for both Hurricanes Irma and Harvey. The company had already pledged $500,000 as part of a cardmember donation matching program.

Discover is matching donations dollar-for-dollar up to $1 million for every cardmember who donates to the American Red Cross using Cashback Bonus®, or makes a donation with a Discover card. Discover also is matching every employee donation dollar-for-dollar through its Employee Giving Program. The company is currently waiving transaction fees on all credit card donations to the American Red Cross.

“Two major hurricanes in two weeks has had a devastating impact on so many people in Texas, throughout the Southeast, and in the Caribbean islands,” said David Nelms, Chairman and CEO of Discover. “Our cardmembers and employees have been supporting relief efforts for those affected by Hurricane Harvey and I'm pleased that Discover is now expanding our support to also support those affected by Hurricane Irma.”

Discover cardmembers wishing to donate to the American Red Cross using their Discover card can visit www.redcross.org/donate/cm/discover-pub. To donate using Cashback Bonus, Discover cardmembers can visit www.discover.com and log onto their account center.

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

Matthew Towson

224-405-5649

matthewtowson@discover.com