Walmart, Discover Extend Network Agreement
Walmart Inc. extended its multi-year, network agreement with Discover through 2015, in which Discover will continue to be the exclusive network for transactions made on the Walmart Discover card, which was launched in 2005 and is issued by GE Money bank.
“Our relationship with Discover is important to the success of our Walmart network branded consumer card program," said Jane Thompson, president of Walmart Financial Services. “We see significant brand alignment between Discover and Walmart, and with our ability to provide innovative features, we know this relationship will continue to deliver value to our customers and cardholders.”
Discover Financial Services is a direct banking and payment services company, and operates the Discover card, 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.
“Our relationship with Discover is important to the success of our Walmart network branded consumer card program," said Jane Thompson, president of Walmart Financial Services. “We see significant brand alignment between Discover and Walmart, and with our ability to provide innovative features, we know this relationship will continue to deliver value to our customers and cardholders.”
Discover Financial Services is a direct banking and payment services company, and operates the Discover card, 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.