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Discover® Commits $100,000 for Earthquake Relief Efforts in Haiti, Pledges up to $1 Million More

Waives Transaction Fees on American Red Cross Credit Card Contributions

RIVERWOODS, Ill., Jan 15, 2010 (BUSINESS WIRE) -- Discover Financial Services (NYSE:DFS) announced today that it is making an immediate commitment of $100,000 to the American Red Cross for earthquake relief efforts in Haiti, and is pledging up to $1 million more through a cardmember matching program. The Company will also waive the transaction fees on all credit card donations to the American Red Cross.

Starting today, Discover will match donations made by cardmembers of their Cashback Bonus to the American Red Cross, up to a total of $1 million. The Company also will be matching employee donations dollar-for-dollar.

"The earthquake in Haiti has created an urgent need for assistance," said David Nelms, CEO of Discover. "We believe our cardmembers and employees share a strong interest in supporting the relief effort and wish to provide a means of doing so that will make their donations go further and help more people."

For more information on the matching program and how to contribute, Discover cardmembers should visit www.discover.com.

About Discover

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. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers student and personal loans, as well as savings products such as certificates of deposit and money market accounts. Its payments businesses consist 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 in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

SOURCE: Discover Financial Services

Matthew Towson
Discover
224-405-5649
matthewtowson@discover.com