Discover Recognized For New Technology That Brings Credit Card Cash Rewards To Online Shopping Experience

Discover has been recognized as one of the country’s top technology innovators by InformationWeek for delivering convenience and choice to customers through flexible options to redeem cash rewards while shopping online. Discover ranked 77 on the 2013 InformationWeek 500 list, which is presented annually and honors leading companies for using innovative technologies to transform how their organizations do business.

Discover’s new platform enables Discover customers to simply use some, none, or all of their Discover Cashback Bonus or Miles Rewards to pay for their purchases online at select merchants’ websites.

“With an increase in consumers shopping online, it was important for Discover to quickly respond to this trend and provide an innovative solution for our customers and merchant partners,” said Glenn Schneider, chief information officer for Discover. “The creation of this new platform is another example of our technology team working with our business to deliver game-changing solutions to achieve business goals.”

"The theme of this year's InformationWeek 500 is digital business. It's a movement, rooted in data analytics, mobile computing, social networking and other customer-focused technologies that are turning companies and industries on their ear," said InformationWeek Editor In Chief Rob Preston. "Every enterprise is now a digital business — or needs to become one fast. The companies in our ranking are leading the way."

In addition to presenting its annual InformationWeek 500 listing, InformationWeek tracks the technology, strategies, investments and administrative practices of some of the best-known organizations in the country.

Additional details on the InformationWeek 500 can be found 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 issues the Discover card, America's cash rewards pioneer, and offers home loans, private student loans, personal loans, home equity loans, checking and savings accounts, certificates of deposit and money market accounts through its direct banking business. It operates the 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.discover.com/company.

Copyright Business Wire 2010

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