Frost National Bank's Paul Olivier to Chair PULSE(R) Financial Institution Oversight Committee

HOUSTON--(BUSINESS WIRE)--Thirty-year banking veteran Paul Olivier has been elected chairman of PULSE EFT Association LP’s Financial Institution Oversight Committee, comprised of prominent financial industry executives. He succeeds Jerry Host, president–general banking, Trustmark National Bank, as chairman of the Oversight Committee.

“The committee will continue to serve as a strong voice for all PULSE financial institution participants, providing guidance on key issues facing the industry.”

The Oversight Committee was created following PULSE’s acquisition by Discover Financial Services LLC in January 2005, and advises the organization on key issues relative to the operations of PULSE, one of the nation’s leading ATM/debit networks currently serving more than 4,200 banks, credit unions and savings institutions across the country.

Olivier joined Frost Bank, a founding PULSE member, in 1977 and currently serves as group executive vice president responsible for consumer banking, marketing, international and student loans. He has been a member of the Oversight Committee since its inception and served on the PULSE Board of Directors from 2002 until the network’s acquisition by Discover.

“I am proud to lead a committee that helps guide a long-established leader in the electronic payments industry with a rich legacy of innovation and customer service,” Olivier said. “The committee will continue to serve as a strong voice for all PULSE financial institution participants, providing guidance on key issues facing the industry.”

In addition to Olivier’s appointment, the Oversight Committee elected two new members:

Ron E. Samford, Jr., senior executive vice president and chief administrative officer of Capital One, N.A., succeeds Walter P. Walker, executive vice president, Hibernia National Bank, on the committee.
James M. Outlaw, Jr., president and chief operating officer, Trustmark-Texas, replaces Host on the committee.

Members of the PULSE Financial Institution Oversight Committee include:

MICHAEL CROWLEY President & CEO Bank Mutual Milwaukee, Wisconsin	LLOYD DEVAUX Chief Operating Officer BankAtlantic Bancorp Ft. Lauderdale, Florida	JANET O. ESTEP Executive Vice President U. S. Bank St. Paul, Minnesota

CHARLES GROSSKLAUS Chief Executive Officer Royal Credit Union Eau Claire, Wisconsin	SCOTT HEITKAMP President/CEO ValueBank Texas Corpus Christi, Texas	ROBERT MARLING Chief Executive Officer Woodforest National Bank The Woodlands, Texas

MICHAEL J. MARZEC Senior Vice President First Tennessee Bank Memphis, Tennessee	HARRIET MAY President & CEO GECU El Paso, Texas	GREG MILES Senior Vice President AmSouth Bank Birmingham, Alabama

JEFFREY MORROW Executive Vice President Dollar Bank, F. S. B. Pittsburgh, Pennsylvania	DIANE OFFEREINS Vice Chairman, PULSE EFT Association Chief Administrative & Technology Officer Discover Financial Services Riverwoods, Ill.	PAUL OLIVIER^* Executive Vice President Frost Bank San Antonio, Texas

JAMES M. OUTLAW, JR. President & Chief Operating Officer Trustmark-Texas Houston, Texas	STAN PAUR Chairman PULSE EFT Association Houston, Texas	DAVID E. REYNOLDS President/CEO Security Service Federal Credit Union San Antonio, Texas

RON E. SAMFORD, JR. Senior Executive Vice President & Chief Administrative Officer Capital One, N.A. New Orleans, Louisiana	DAVID R. SCHNEIDER President PULSE EFT Association Houston, Texas	THOMAS J. SHEEHAN Chairman Grafton State Bank Grafton, Wisconsin

PAT STEWART President IBC Services International Bank of Commerce San Antonio, Texas	HARIT TALWAR Executive Vice President Discover Financial Services Riverwoods, Illinois	JOHN M. TIPPETS President & CEO American Airlines Federal Credit Union Fort Worth, Texas

ROBERT E. WHYTE Senior Vice President Bank of America Charlotte, North Carolina

^* Chairman

About PULSE EFT Association LP

PULSE is one of the nation’s leading ATM/debit networks, currently serving more than 4,200 banks, credit unions and savings institutions across the country. PULSE is owned by Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS). The network links cardholders with nearly 250,000 ATMs and approximately 3.4 million POS 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.