Consumer Payment Card News

Reaching Out

Like the other U.S. payment card networks, Discover is reaching out to merchants and linking up to more issuers. Last week the Discover Network announced the establishment of a “Merchant Advisory Council” and that it has recently reached agreements with five new financial institutions to issue credit or prepaid cards on its network. Discover’s “Merchant Advisory Council is made up of approximately 20 member companies including American Airlines, Darden Restaurants, Enterprise Rent-A-Car, Knowledge Learning, Kohl’s, McDonald’s, QuikTrip, The Sharper Image, SUPERVALU, and Wal-Mart. The Council will meet every six months with the first meeting scheduled for next week. Discover also announced it recently added new network issuers including: Alliance Data, First Bank & Trust, Morgan Beaumont, West Suburban Bancorp and Palm Desert National Bank. Previously announced issuers include HSBC Bank Nevada, affiliates of GE Consumer Finance, and CompuCredit. Discover Card has more than 50 million cardholders and over 4 million merchant and cash access locations in the USA.

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