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Discover Bank Brings Person-to-Person Payments to Customers

October 28, 2019

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover announced that the Zelle® Person-to-Person (P2P) experience is now available on its mobile app and online account center, allowing Discover checking, savings and money market account customers to easily send and receive money with almost any bank account in the U.S1.

On the heels of removing all fees2 across its deposit products in June, Discover Bank is also participating in the Zelle Network®to provide their customers a fast and easy way to send and receive money.

“Giving Discover Bank customers the ability to send and receive money between friends and family is a natural extension of our commitment to offer a seamless, full-service digital banking experience,” said Ram Subramanian, vice president of deposits at Discover. “We are continually listening to what our customers say and are excited to offer Zelle to improve their banking experience.”

After enrolling with Zelle in just a few easy steps through the Discover mobile app or online account center, customers can take advantage of many benefits.

Benefits include:

  • Receive money fast, typically within minutes 3 . When both the sender and recipient are enrolled with Zelle, money goes directly from one bank account to another, and is available for use in minutes.
  • Send money to friends, family and people they trust. Through Zelle, in the Discover app, money can be sent to almost anyone with a bank account in the U.S. Zelle should only be used to send money to people you know and trust.
  • Request money from other people, which makes it easy to collect money for things like group gifts or shared meals.
  • Avoid sharing sensitive account information— all the customer needs to share is their U.S. mobile phone number or email address that is enrolled with Zelle to receive money with Zelle.

In addition to providing a fast way to send and receive money with Zelle, the Discover mobile app also allows customers to temporarily freeze4 their debit card if misplaced, deposit a check from their phone, pay a bill and find the nearest no-fee ATM within Discover’s nationwide network of 60,000 ATMs.

For more information on how to use Zelle, please visit: https://www.discoverbank.com/Zelle

About Zelle®

Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle makes it fast, safe and easy for money to move. The Zelle Network® connects financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in bank accounts generally within minutes when the recipient is already enrolled with Zelle. To learn more about Zelle and its participating financial institutions, visit www.zellepay.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 Global Network comprised 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 around the world. For more information, visit www.discover.com/company.

1 Federal law limits the number of certain types of withdrawals and transfers from a Money Market Account or Savings Account to a combined total of six (6) per calendar month per Account. There is no limit on the number of withdrawals by ATM or official check mailed to you. If you exceed these transaction limitations during any calendar month, we may refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your Account.

2Outgoing wire transfers are subject to a service charge. Customers may be charged a fee by a non-Discover ATM if it is not part of the 60,000+ ATMs in our no-fee network.

3 Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle.

Zelle enrollment is required with a U.S.-based bank account and aU.S. mobile number or email address. Voice over IP (VOIP), prepaid mobile phone numbers, landlines and Google voice numbers are not eligible for Zelle enrollment. Message and data charges from your carrier may apply. Transaction limitations may apply.

To use Zelle with Discover, an account center registered Discover checking, savings, or money market account is required. Discover and Zelle do not offer a protection program for any authorized payments made with Zelle.

4 When you freeze your debit card, Discover will not authorize new purchases, or ATM transactions with that frozen debit card. Most other account activity will continue as normal.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

Sarah Grage Silberman
Discover
224-405-6029
sarahgragesilberman@discover.com
@Discover_News

Source: Discover Financial Services