Discover(R) Debit Card Issuance Grows Through Multiple New Agreements.PULSE Signs Seven Additional Banks to Issue Discover-Branded, Signature-Enabled Debit Cards HOUSTON -- PULSE and its parent company, Discover Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , have signed agreements with seven additional financial institutions for the issuance of Discover([R]) Debit cards. The institutions are: * First National Bank in Munday; Munday, Texas Munday is a city in Knox County, Texas, United States. The population was 1,527 at the 2000 census. Geography Munday is located at (33.449292, -99.626028)GR1. * First National Bank of the Mid-Cities; Bedford, Texas Bedford is a suburban city located in northeast Tarrant County, Texas in the "mid-cities" area between Dallas and Fort Worth. The population was 48,390 as of a 2005 census estimate. Bedford is part of the Hurst-Euless-Bedford Independent School District. * The First National Bank of Baird; Baird, Texas Baird is a city in Callahan County, Texas, United States. The population was 1,623 at the 2000 census. It is the county seat of Callahan CountyGR6. The city is named after the second owner of Baldwin Locomotive Works, Matthew Baird. * The First National Bank of Barnesville; Barnesville, Ga. * The First National Bank of Weatherford; Weatherford, Texas * The First Security Bank; Beaver, Okla. * ValueBank Texas; Corpus Christi, Texas Corpus Christi is a coastal city and the county seat of Nueces CountyGR6 in the U.S. state of Texas. It is part of the region known as South Texas. The banks' Discover Debit card programs are at varying stages of implementation. Scott Heitkamp, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ValueBank Texas, recognized that Discover Debit would empower his account holders with convenient access to their funds and security practices that are among the best in the industry, giving the bank and its customers peace of mind. "I'm anticipating a significant enhancement to ValueBank's bottom-line profitability because of Discover Debit's lower network expenses and excellent revenue opportunities," said Heitkamp. "Discover Debit is a unique card product with features that financial institutions find attractive," said Judith McGuire, PULSE Senior Vice President, Product Management. "Issuers of the card are pleased with the security benefits of the product's 100 percent transaction authorization standard. In addition, introducing a new debit card brand can help financial institutions boost card usage by providing an opportunity to market the card to new, low-activity or inactive accounts." In addition to growing issuer support, many of the leading third-party EFT processors are now certified to support Discover Debit or are in the process of becoming certified. Discover Debit was introduced in February 2006 as the first alternative to Visa's and MasterCard's signature debit products in more than 10 years. Discover Debit offers lower network expenses, outstanding revenue opportunities, strong security practices and straight-forward pricing, billing, operating regulations and dispute rules. Further, the Discover Debit Consumer and Discover Debit Business Card programs offer additional special features for consumers and small businesses, respectively. About PULSE PULSE is one of the nation's leading ATM/debit networks, currently serving more than 4,500 banks, credit unions and savings institutions across the country. PULSE is owned by Discover Financial Services (NYSE NYSE See: New York Stock Exchange : DFS (Distributed File System) An enhancement to Windows NT/2000 and 95/98 that allows files scattered across multiple servers to be treated as a single group. With Dfs, a network administrator can build a hierarchical file system that spans the organization's LANs and ). The network links cardholders with more than 265,000 ATMs, as well as POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale terminals at retail locations nationwide. The company is also a valued resource for consumer research related to electronic payments and is committed to providing its participants with education on evolving products, services and trends in the payments industry. For more information, visit www.pulse-eft.com. About Discover Financial Services Discover Financial Services (NYSE: DFS) is a leading credit card issuer and electronic payment services Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. company with one of the most recognized brands in U.S. financial services. The company operates the Discover Card, America's cash rewards pioneer. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Its payments businesses consist of the Discover Network, with millions of merchant and cash access locations, and PULSE, one of the nation's leading ATM/debit networks. For more information, visit www.discoverfinancial.com. |
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