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Discover Honored for Innovation in Information Technology

InformationWeek Recognizes Discover for Accelerating Development and Completion of New Data Sourcing Process

RIVERWOODS, Ill.--(BUSINESS WIRE)--Nov. 30, 2011-- Discover has been honored as one of America’s most innovative users of business technology, earning a spot on the 2011 InformationWeek 500 list for the sixth consecutive year. This award is presented annually by the magazine to recognize companies that drive business technology innovation in support of corporate strategies. The award recognizes Discover for exhibiting a pattern of technological innovation including the rollout of its Rapid Development Data Sourcing methodology.

“Discover’s new process of data sourcing is just one of the ways we continue to provide industry-leading technology solutions to our customers and business partners,” said Glenn Schneider, chief information officer at Discover. “Our technology staff has demonstrated a strong record of delivering innovative systems by combining their understanding of business needs with market-driven changes in the technology industry.”

“For 23 years, the InformationWeek 500 has chronicled and honored the most innovative users of business technology,” said InformationWeek Editor In Chief Rob Preston. “In this day and age, however, being innovative isn’t enough. Companies and their IT organizations need to innovate faster than ever before to stay a step or two ahead of their customers, partners and competitors. This year’s ranking placed special emphasis on those high-octane business technology innovators.”

InformationWeek identifies and honors the nation's most innovative users of information technology with its annual 500 listing and also tracks the technology, strategies, investments and administrative practices of America’s best-known companies. The InformationWeek 500 rankings are unique among corporate rankings as it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders.

Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.

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 http://www.discoverfinancial.com.

Source: Discover Financial Services

Discover
Robert Weiss, 224-405-6304
robertweiss@discover.com