Global Payments and Discover Financial Services Announce Streamlined Card Acceptance on the Discover Global Network in Canada

RIVERWOODS, Ill. & ATLANTA--()--Discover Financial Services (“Discover”) and Global Payments Inc. (“Global Payments”), one of the largest worldwide providers of payment solutions, today announced a streamlined acceptance solution for Discover cards for merchants in Canada. The new program will simplify acceptance of Discover, Diners Club International, PULSE and affiliated network cards for Global Payments’ merchants in Canada, offering a comprehensive solution which provides value by offering a single statement.

“Canada is a prime growth market for Discover, as we see many of our cardholders traveling to the region,” said Gerry Wagner, vice president, Discover Network. “Our agreement with Global Payments allows us the opportunity to benefit merchants by streamlining Discover Global Network acceptance, while continuing to deliver value for cardholders at the point-of-sale. We will continue to keep our focus on growing Discover Global Network acceptance in Canada and are confident that Global Payments will help us to execute against this goal.”

“The launch of our full acquiring program for Discover is the latest example of our commitment to providing Canadian merchants with robust and innovative product and service offerings,” said René Bélanger, President of Global Payments Canada. “This program brings additional value to our merchant customers by enhancing payment acceptance options and providing them a single source for payment processing, settlement, underwriting, risk management, support and reporting.”

Discover Global Network is the third largest payments network in the world and the largest merchant acceptance network in Asia-Pacific, with more than 30 million merchant acceptance locations and 1 million ATM and cash access locations across 185 countries and territories. Discover Global Network includes Discover, Diners Club International, PULSE and affiliated networks.

About Global Payments

Global Payments Inc. (NYSE: GPN) is a leading provider of payment services for merchants, value added resellers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, Brazil, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.

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 private student loans, personal loans, home 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.

Contacts

Discover
Abbe Kalina, 224-405-5175
abbekalina@discover.com
Global Payments Inc.
Investor contact:
Jane Elliott
770-829-8234
investor.relations@globalpay.com
Media contact:
Amy Corn
770-829-8755
media.relations@globalpay.com

Release Summary

Global Payments and Discover Financial Services Announce Streamlined Card Acceptance on the Discover Global Network in Canada

Contacts

Discover
Abbe Kalina, 224-405-5175
abbekalina@discover.com
Global Payments Inc.
Investor contact:
Jane Elliott
770-829-8234
investor.relations@globalpay.com
Media contact:
Amy Corn
770-829-8755
media.relations@globalpay.com