PULSE Extends Debit Network Relationship with U.S. Bank

Current PULSE Participant Signs Long-Term Agreement

HOUSTON, TX – Jul 13, 2009 — PULSE has extended its relationship with U.S. Bank in a long-term agreement that provides U.S. Bank customers with PIN debit point-of-sale (POS) and ATM services.

"PULSE has a proven record of providing reliable and high-quality PIN POS and ATM services, which was vital in renewing our long-standing relationship," said Lynn Heitman, senior vice president in U.S. Bank Retail Payment Solutions. "PULSE has been a strong partner for many years, and we look forward to continuing to provide our cardholders with convenient and accessible debit and ATM services through an industry leader like PULSE."

"We strive to provide quality services to all of our participants, and we are proud to work with a valued customer in U.S. Bank," said Leah Henderson, executive vice president of sales at PULSE. "We look forward to growing our long-term relationship with U.S. Bank, as we continue to provide reliable network access and customer service to our entire network."

About PULSE

PULSE is one of the nation's leading ATM/debit networks, currently serving more than 4,500 banks, credit unions and savings institutions across the country. PULSE is owned by Discover Financial Services (NYSE: DFS). The network links cardholders with more than 289,000 ATMs, as well as POS terminals at retail locations nationwide. The company is also a valued resource for industry research related to electronic payments and is committed to providing its participants with education on evolving products, services and trends in the payments industry. For more information, visit www.pulsenetwork.com.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB), with $264 billion in assets, is the parent company of U.S. Bank, the 6th-largest commercial bank in the United States. The company operates 2,847 banking offices and 5,183 ATMs in 24 states and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the Web at usbank.com.

Contacts

Steve Sievert
PULSE
832-214-0111
ssievert@pulsenetwork.com
Teri Charest
U.S. Bank
612-303-0732
teri.charest@usbank.com