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Discover Extends Network Agreement With Walmart

Discover Financial Services has extended its multi-year, network agreement with Walmart through 2015. 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.

Jane Thompson, president of Walmart Financial Services, said: “Our relationship with Discover is important to the success of our Walmart network branded consumer card program. 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.”

Diane Offereins, executive vice president of payment services at Discover, said: “Discover has been the exclusive network for the Walmart Discover card since its launch in 2005, and this extension represents a commitment to further strengthening our relationship.”

Discover Financial Services is a US-based direct banking and payment services company. The company operates Discover card and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary.

Discover’s payment businesses consist of Discover Network, with millions of merchant and cash access locations; Pulse, an ATM/debit network; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories.