Discover Acceptance Card

Discover Global Network Merchant Card Services are integratedinto the current State Merchant Card Contract or by your currentCredit Card Provider at No Additional Cost.Consistent rates for Discover, MasterCard and Visa transactions.Discover, MasterCard and Visa transactions are included in the same deposit and on the same monthly statement that you currently receive.Provide excellent service by allowing your customers to use their preferred or required method of payment.June 2019Confidential and Proprietary 2019 DFS Services LLC

MERCHANT CARD CONTRACTNew Account Setup All forms completed electronically through DocuSign OSC review and turnaround within 2 business days First Data setup time is 10-15 business daysClientline Setup or Changes to Existing Account All forms completed electronically through DocuSign Clientline review and turnaround within 2 business days Changes to existing account setup is 10-15 business daysAccount SetupConfidential and Proprietary 2019 DFS Services LLC

About Discover Financial ServicesDirect BankingPayment Services Accepted at 44M Global MerchantLocations with 375B in customerspend in 2018U.S. Card Issuance 163 billion in volume2 73 billion in card receivables 15 network alliances Leading cash rewards program 34 billion in volume3 120 licensees Accepted at 32M global locationsLending and Deposits 190 countries / territories 45 billion in consumer deposits 16 billion in personal loans andprivate student loans Home Equity Installment Loans 180 billion in volume Approx. 4,100 Issuers 2.1 million ATMs in 140 countriesBalances as of December 31, 2018; pre-tax profit and volume based on the trailing four quarters ending 4Q18; direct-to-consumer deposits includes affinity deposits1 Volume is comprised of Proprietary Network Volume and Network Partners2 Volume is derived from data provided by licensees for Diners Club branded cards issued outside of North America and is subject to subsequent revision or amendmentConfidential and Proprietary 2019 DFS Services LLC3

Discover Global Network IssuersCards Issued on the Discover Global Network provide both a global and local spend opportunityfrom loyal cardholders driven by the rewards they receiveDiscover DebitDiscover Business Debit cardholders account Providing Small BusinessesDiscover Card Highest in CustomerDiners ClubInternational More than 120 issuers andSatisfaction with Credit Cardfor billions of dollars ina way to pay for purchasesCompanies, 4 out of the lastsales volume2with all the benefitsacquirers accepted in overDiscover is known for190 countries / territories5 years in a row*1 Nearly 39% volume 11% new card accountsgrowth in 20183growth from 2017 to 20182 Transactions haveincreased by over 17 Delivers incremental cardsin market, boosting B2B 7% YOY transactiongrowth from 2017 to 20183and B2C demandmillion from 2017 to 201831 J.D. Power 2014-2016 and 2018 Credit Card Satisfaction Studies of customers’ satisfaction with their primary credit card.2 Discover Debit is issued by Discover Bank and Third Party Issuers3 Based on internal dataConfidential and Proprietary 2019 DFS Services LLC4

Discover Small Business CardThe Discover it Business Card Benefits Business Owners and Accepting MerchantsSmall Business Spending is on the RiseDiscover it Business Card Small-business credit card purchase volume is set to balloon from 493 billion in 2017 to 686 billion in 20221 Unlimited 1.5% Cash Back Bonus on allpurchases can incentivize card membersfor business purchases and may promotefrequent, loyal usage Small-business owners had an average total credit limit of 35,291while consumers had an average credit limit of 18,4012By accepting Discover and the new Discover it Business card, merchants open the door to loyalbusiness owners with serious spending power. Delivers incremental cards in market,boosting demand to merchants1 Mercator Advisory Group: “Small Business Credit Cards Have Plenty of Growth Potential in the U.S”; Blog Post, March 14, 201 8.2 Nav. “Small Business Owners Carry Twice As Many Credit Cards As Consumers.” Blog Post, May 2018Confidential and Proprietary 2019 DFS Services LLC5

Driving Demand Through PartnershipPartners leverage Discover Global Network to drive demand and volume from a wide rangeof customers many of whom may not have or want to use another option to payReciprocal Alliance PartnersCardholders from some of the largest issuers in Asia have ability to spend at U.S. MerchantsJCBUnion PayA leader in the Japanesecredit industryChina’s only nationalcredit card brandGlobal Alliance PartnersProviding Alliance Partner Cardholders the ability to spend internationally via Discover Global Network outsidetheir host country. Partners include, but not limited to the following:South KoreaIndiaBrazilTurkeyProsaNCCCLargest domesticpayment networkin South KoreaIndia’s largestnetworkBrazil’s largestcredit card issuerTurkey’s largestcard networkLeading domesticpayments networkin MexicoTaiwan’s LeadingNetworkConfidential and Proprietary 2019 DFS Services LLC6

Why Discover Global ScaleAccepted at 44M global merchantlocations and 2M global ATMsProcessing billions of transactions annuallyacross 190 countries and territories1Loyal DemandProven Growth15 Network Alliance partnerships,50% growth in the last 5 years71%Of primary* cardmembers prefer to shop atbusinesses that accept Discover 3150M DGN Cardholders around theGlobe2, more than doubling thenumber of cardholders since 2012259%Of primary* cardmembers prefer to use theirDiscover Card when shopping online337%Of Discover primary* Cardmembers say theyhave a lower opinion of the business when theyexperience non-acceptance3Customers spent 375 billion onDiscover Global Network in 2018, anincrease of 21% in the last 5 years41 Based on signed network alliance agreements over the past ten years with major payment networks within respective countries - Panoramic Research study, conducted 20182 Discover Global Network participant reporting and RBR–Global Cards Data and Forecasts to 2023, Oct 20183 C R Research Study of 1,805 Discover Cardholders commissioned by DFS Services LLC and completed in January 20194 Based on internal dataConfidential and Proprietary 2019 DFS Services LLC7

Exceeding Consumer ExpectationsToday’s shoppers demand a consistent experience — regardless of payment channel71%60%58%64%of primary*Cardmembers preferto shop at businessesthat acceptDiscover. 1of primary* DiscoverCardmembers look forlogos and signagebefore walking intoa store.2of primary*Cardmembers havenot returned to amerchant in the lastmonth after theirDiscover Cardwas rejected.1of Discover Cardmembersblame the business whenthey experience nonacceptance. 1*primary cardmembers are defined as respondents who uses discover card more than other cards1 C R Research Study of 1,805 Discover Cardholders commissioned by DFS Services LLC and completed in January, 20192 C R Research Study of 1,845 Discover Cardholders commissioned by DFS Services LLC and completed in February, 2018Confidential and Proprietary 2019 DFS Services LLC8

Signage Drives Sales60% of primary* Discover Cardholders look for logos andsigns before walking into a store1Discover offers free signage and supplies atDiscoverSignage.comUp to 11 pieces of signage that include the Apple Pay logo* primary cardmembers are defined as respondents who uses discover card more than other cards1 C R Research Study of 1,845 Discover Cardholders commissioned by DFS Services LLC and completed in February 2018Confidential and Proprietary 2019 DFS Services LLC9

Discover Global Network Merchant Card Services are integrated into the current State Merchant Card Contract or by your current . *primary cardmembers are defined as respondents who uses discover card more than other cards 1 C R Research Study of 1,805 Discover Cardholders commissioned by DFS Services LLC and completed in January, 2019