American card issuer Discover has announced
the extension of its network agreement with leading retailer
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.
“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.”
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
Discover is a direct banking and payment
services company. In addition to operating the Discover card, the
company offers personal and student loans, online savings accounts,
certificates of deposit and money market accounts through its
Discover Bank subsidiary.