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NOVA And Discover Financial Services Ink Merchant Processing Contract
NOVA to Offer Pricing, Processing, Settlement and Support to Merchants

ATLANTA & RIVERWOODS, Ill., Oct 09, 2006 (BUSINESS WIRE) -- NOVA Information Systems (NOVA), a wholly owned subsidiary of U.S. Bancorp (NYSE:USB), and Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS), today announced the signing of a merchant acquiring agreement. Under the terms of the agreement, NOVA will add Discover Network card acceptance to its portfolio of payment processing services. NOVA will provide consolidated pricing, underwriting, risk management, processing, settlement, support and reporting to its merchants, simplifying payments processing.

NOVA will provide processing services to merchants for Discover Network card acceptance that promotes a broader range of payment options at the point of sale. Merchants, such as restaurants, retailers, and specialty shops, will receive an easy, cost-effective, all-in-one payment processing solution with the convenience of a single source for statements, settlement, and customer service.

"NOVA excels at providing outstanding service to our more than 850,000 U.S. merchants and we welcome the opportunity to add value to our product offering," said Stuart C. Harvey, Jr., president, NOVA. "The ability to offer Discover Network card processing streamlines the merchant experience by eliminating the complexities of dealing with multiple providers."

NOVA is the third largest U.S. credit card processor and one of the top 10 global processors. This agreement is expected to help broaden Discover's acceptance among small- to mid-sized merchants, while increasing volume on the Discover Network.

"Our agreement with NOVA not only consolidates services to our merchants, but it also increases the momentum Discover Network has been gaining within the merchant acquiring community as we continue to build it into a broad-based payments business with multiple products and acquirers," said Harit Talwar, executive vice president of Discover Financial Services. "NOVA's extensive presence within the independent sales organization (ISO) and bank channel communities helps us achieve that goal."

About NOVA

NOVA Information Systems, a leader in the payment processing industry is a wholly owned subsidiary of U.S. Bancorp (NYSE:USB). Combined, NOVA and its affiliates First Horizon Merchant Services, euroConex and Elan provide global merchant processing services to financial institutions and clients in the United States, Canada, and Europe. NOVA offers integrated payment processing services to more than 1,000,000 merchants worldwide. For more information, visit www.novainfo.com.

About Discover Financial Services

Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS), operates the Discover Card with more than 50 million Cardmembers, and the Discover Network, which is the largest proprietary credit card network in the U.S. with more than 4 million merchant and cash access locations. Discover Financial Services also operates the PULSE ATM/debit network, which serves more than 4,200 financial institutions and includes nearly 250,000 ATMs and approximately 3.4 million POS terminals. For more information, visit www.discovercard.com, www.discovernetwork.com or www.pulse-eft.com.

SOURCE: NOVA Information Systems

NOVA Information Systems
Michelle Graff, 678-731-5064
michelle.graff@novainfo.com
OR
Discover Financial Services
Leslie Beyer, 224-405-5154
lesliebeyer@discoverfinancial.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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