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Discover Network Announces New Issuing Partner

Amalgamated Bank of Chicago and Discover Offer Card Specifically Designed For Union Members

RIVERWOODS, Ill., May 12, 2010 (BUSINESS WIRE) --Discover(R) Network today announced the launch of the American Union Financial Services (AUFS) and Amalgamated Bank of Chicago (ABOC) Discover card. The card will initially be offered nationwide to select Joint Council Teamster local union members and their families.

The AUFS/ABOC Discover card provides cardholders with benefits such as no annual fee, a low annual percentage rate, AmalgaMiles travel rewards, and zero liability on fraudulent transactions

"The agreement with ABOC allows us to continue to bring choice and value to both issuers and consumers, and helps us deliver on our focus of providing customized solutions for specialized institutions," said Kevin O'Donnell, vice president of Credit Issuance at Discover. "This is yet another example of how Discover designs products and offerings that help our customers drive loyalty and increase transaction volume, so that they can run more effectively."

To learn more about the card, visit www.aboc.com/aufs.

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 operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment 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.

About Amalgamated Bank of Chicago ("ABOC")

Founded in 1922 by the Amalgamated Clothing Workers Union (now known as UNITE HERE), Amalgamated Bank of Chicago has always been dedicated to serving America's working people. Though times have changed, Amalgamated's original vision has not. The union heritage continues. As Amalgamated Bank changes and grows, we offer new and innovative banking products and services to better serve our customers - unions and union members in Chicago and across the nation. For more information, visit www.aboc.com.

About American Union Financial Services, Inc. ("AUFS")

Founded in 2003 as a unionized financial services company, AUFS has since its founding served organized labor with products and services aimed at bringing direct benefit to the members and their families. AUFS has garnered the support and provided services to the Teamsters, the Laborers' International, United Food and Commercial Worker's, United Transportation Unions and numerous other organized labor bodies. For more information, please visit www.aufs-inc.com.

SOURCE: Discover Financial Services

Mai Lee Ua
Discover
224-405-3082
maileeua@discover.com
or
Jonathan Telzrow
ABOC
312-822-3206
JTelzrow@aboc.com
or
David Villarreal
AUFS, Inc.
800-980-3254
david@aufs-inc.com