Discover Financial Services Declares Quarterly Dividend

RIVERWOODS, Ill.--(BUSINESS WIRE)--The Board of Directors of Discover Financial Services declared a quarterly dividend of $0.02 per share of common stock, payable on July 22, 2010, to stockholders of record on July 7, 2010.

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 operates the Discover card, America's cash rewards pioneer, and 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. For more information, visit www.discoverfinancial.com.

Contacts

Discover Financial Services

Investors:

Craig Streem

224-405-3575

craigstreem@discover.com

or

Media:

Jon Drummond

224-405-1888

jondrummond@discover.com

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