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.
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