Industry-leading Credit Card Awarded "Best New Product of 2008" by
Cards & Payments and Quick & Simple Magazines
RIVERWOODS, Ill.--(BUSINESS WIRE)--April 15, 2008--Discover
Financial Services (NYSE: DFS) announced today that the Discover(R)
Motiva Card recently received the "Best New Product" honor by Cards &
Payments magazine, as well as "One Of The Best New Products Of 2008"
according to Quick & Simple magazine.
The 2nd Annual Best in Payments Awards, presented by Cards &
Payments, honors excellence in the industry by granting awards in five
different categories: Best Marketing Campaign, Best New Product, Best
Technology Implementation, Outstanding Payments Executive, and
Editor's Choice award - recognizing a leading product, company or
Quick & Simple, a weekly national magazine, recognized the
Discover Motiva Card by presenting it with a "2008 Best New Product
Award." The publication's 2nd Annual New Product Award recipients were
considered innovative, clever and groundbreaking; time-saving and
money-saving; easy-to-use; and affordable.
"The Discover Motiva Card is truly a unique credit product and an
industry first. We're encouraging consumers to better manage their
finances by giving them cash rewards for good credit management," said
Julie Loeger, senior vice president of Discover Financial Services.
"Receiving recognition by such notable publications is an honor and a
testament of our commitment to providing cardmembers with relevant,
valuable offerings that help put them in control of their finances."
With the Discover Motiva Card, cardmembers who make on-time
monthly payments six times in a row receive their next month's
interest back as a Pay-On-Time Bonus(SM) - twice a year, every year,
when they pay on time every month. Pay-On-Time Bonus rewards are in
addition to the unlimited Cashback Bonus(R) cardmembers earn on all
purchases, giving them two ways to earn cash rewards and putting more
money in their pockets. In order to ensure cardmembers earn their
Pay-On-Time Bonus, the Discover Motiva Card offers helpful payment
tools such as automatic payment reminders and free payments by phone -
even on their payment due date.
To learn more about the Discover Motiva Card, visit
About Discover Financial Services
Discover Financial Services (NYSE: DFS) is a leading credit card
issuer and electronic payment services company with one of the most
recognized brands in U.S. financial services. The company operates the
Discover Card, America's cash rewards pioneer. Since its inception in
1986, the company has become one of the largest card issuers in the
United States. Its payments businesses consist of the Discover
Network, with millions of merchant and cash access locations, and
PULSE, one of the nation's leading ATM/debit networks. For more
information, visit www.discoverfinancial.com.
CONTACT: Discover Financial Services
Mai Lee Ua
SOURCE: Discover Financial Services