Discover Statement on Russian Banks and Payments Acceptance

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover and Diners Club International do not have any active partners in Belarus and Russia. There is no acceptance of Discover, Diners Club, Network Alliance Partners and PULSE® in these countries and no cards are being issued there.

Before Russia’s invasion of Ukraine, Discover/Diners Club International was in the process of establishing a Russian branch office and registering it with the Central Bank of Russia as a foreign payment system operator. We have suspended all actions to pursue the registration in Russia at this time.

In addition to having already halted all transactions by sanctioned Russian Banks on our network, we are suspending acceptance of cards issued by all Russian and Belarusian banks that run on the Discover Global Network, including through its partner networks.

About Discover

Discover Financial Services (NYSE: DFS) is a digital 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 and certificates of deposit through its banking business. It operates the Discover Global Network comprised 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 around the world. For more information, visit www.discover.com/company.