Mumbai, India and Riverwoods, IL – August 19, 2009 – Venture Infotek, India's premier Transaction Management company in conjunction with Diners Club International ® Ltd., a business unit of Discover Financial Services (NYSE:DFS), today announced that they have signed a long-term merchant acquiring agreement. This relationship will create more acceptance opportunities for Diners Club and Discover cardmembers, who eventually will be able to use their cards at Venture Infotek merchants in India .

Under the terms of the agreement, Venture Infotek will provide single source electronic payment services for the acceptance of Diners Club and Discover cards across key merchant categories like Restaurants, Hotels, Airlines, Travel agents and major retail outlets in India . Read More

Annual Award Honors Top Technology Innovators

RIVERWOODS, Ill.--(BUSINESS WIRE)--Aug. 17, 2009-- Discover Financial Services (NYSE: DFS) has been recognized by CIO magazine as one of the top 100 innovative organizations that effectively uses information technology to create measurable business value.

“The benefits of the Integrated Decisioning System Project, which enabled Discover to significantly improve time-to-market for analytic models and strategies, exceeded our expectations,” said Glenn Schneider, senior vice president and chief information officer at Discover. “The team delivered a truly innovative solution that allows us to quickly respond to the changing needs of our customers.”

The selection process for choosing this year's CIO 100 winners included an application detailing innovative practices in business and technology, and a review by CIO magazine editors. Discover also made the list in 2006, 2007 and 2008. Read More

RIVERWOODS, Ill.--(BUSINESS WIRE)--Aug. 5, 2009-- The Discover U.S. Spending Monitor fell for the second consecutive month from 85.6 to 83.5 (based out of 100), as consumer attitudes towards the economy and the current state of their personal finances continued to deteriorate. Overall, 61 percent rated current economic conditions as poor, a 2-point increase from the previous month.

The drop in economic confidence also appears to be weighing on consumer attitudes about their personal finances. Only 32 percent currently rate their finances as good or excellent, a Monitor low and a 1-point drop from last month. Twenty-five percent currently rate their finances as poor, tying a Monitor high. Read More

Riverwoods, IL – July 30, 2009 – Discover today announced that The Home Depot®, the world's largest home improvement retailer, will accept Discover® Zip® payment devices in its 1,974 U.S. stores.

Zip payment devices can be issued by banks in many forms. In addition to the traditional bank card or key chain fob, Discover’s new mini-adhesive card can be attached to personal items that are always at hand, such as a mobile phone, PDA or MP3 player. Purchases are made with a quick tap of these devices on a Zip reader found at the checkout.

“Zip provides our customers with the flexibility to use their Discover Card in a way that is most convenient for them. Saving time at the checkout provides added value to our merchants, our card issuers, and our account holders,” said Farhan Ahmad, General Manager, Prepaid & Director of Emerging Payments. Read More

RIVERWOODS, Ill.--(BUSINESS WIRE)--Jul. 29, 2009-- Discover Financial Services (NYSE: DFS) has been rated by IDG’s Computerworld as one of the Best Places to Work in Information Technology for 2009. Discover has made the list for the past seven years, moving up from No. 73 in 2008 to No. 31 this year.

“Ranking in the top 50 of this impressive list of companies says a lot about Discover’s commitment to all of its employees, not just those of us in IT,” said Glenn Schneider, senior vice president and chief information officer. “I have great confidence in our technology group, the talent of our workforce, and our ability to successfully deliver solutions that produce bottom-line impact. With our dedicated workforce, we are building a brighter future for our customers, our shareholders and for the employees of Discover.” Read More