InteliSpend Prepaid SolutionsTM Enhances Capabilities with New Discover® Prepaid Cards

ST. LOUIS--()--InteliSpend Prepaid SolutionsTM today announces new Discover® prepaid card products that will be available at the end of November. The launch of these products rounds out InteliSpend’s initiative to provide client solutions on all four major payment card networks, enhancing the company’s ability to develop intelligent prepaid solutions for business.

The Discover network is unique, as it enables the development of proprietary, private label card products. The advantage of this card type is that it places a stronger emphasis on a client’s brand and where the card can be spent. This is particularly important in the prepaid-for-business space, InteliSpend’s area of expertise.

Two of the products slated for November launch utilize InteliSpend’s DirectSpend® process. This patented, Restricted Authorization Network (RAN) feature makes it possible to direct spending to a limited set of merchants and retailers. The MAX Discover Prepaid card offers redemption at a pre-built merchant set that includes over 200 specialty electronics, apparel, jewelry, home furnishings, and travel retailers. The Preferences® Discover Prepaid card gives businesses the freedom to build their own unique merchant set, based on their prepaid program’s purpose and strategy. The third remaining new product, the Universal Discover Prepaid card, can be spent anywhere Discover is welcome in the U.S.

“The addition of these three new Discover products marks completion of a key mission – to bring together all four major networks in one place. We’re proud to be that place, and excited about the broad options we have for our clients,” says Darryl Hutson, InteliSpend CEO. “Discover is a major financial network with a long track record of success, and launching new cards with them strengthens our market position as a prepaid provider specializing in solutions for complex business needs.”

For more information on InteliSpend Prepaid Solutions, visit www.intelispend.com.

About InteliSpend Prepaid Solutions

InteliSpend Prepaid Solutions, LLC, an independent entity within Maritz Holdings, Inc., is an issuer and reseller of American Express®- and Discover-branded prepaid products, and a program manager for MasterCard and Visa. InteliSpend provides businesses with prepaid solutions, including stored-value cards, online reward management technology, and program management. Its products address a broad array of applications, such as employee reward and recognition, sales incentives, expense management, and consumer promotions. InteliSpend is headquartered in Fenton, MO, and is a licensee of U.S. Patents 5,689,100 and 5,956,695 and Canadian Patent 2,215,969.

About 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.

Contacts

For InteliSpend Prepaid Solutions
Dewayne Nickerson, 314-645-4244
Cell: 415-519-0004
dewayne@mercury-labs.com

Release Summary

InteliSpend Prepaid SolutionsTM Enhances Capabilities with New Discover Prepaid Cards, rounding out InteliSpend's initiative to provide solutions on all 4 major networks.

Contacts

For InteliSpend Prepaid Solutions
Dewayne Nickerson, 314-645-4244
Cell: 415-519-0004
dewayne@mercury-labs.com