First National Bank to issue Discover cards
Tuesday, October 26th, 2010
Discover Financial Services, a direct banking and payment services company, and First National Bank of Omaha signed the merchant acquirer agreement. Under the terms of this agreement First National Bank will issue credit cards to Discover Network beginning next year. Thus, First National Bank became the third issuer to offer four brands of MasterCard, Visa, American Express and Discover. According to First National Bank spokesman K. Langin, the other two issuers with the four brands are HSBC and GE Money.
Both Discover Financial Services and First National Bank are satisfied with the deal. Now Discover cards are accepted at a lot more merchant locations than ever before. As for First National Bank, they will attract more customers offering a wider range of card products.
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