Market Overview

Discover and NCCC Extend Relationship by Signing Network Agreement


Discover Financial Services, a leading direct bank and payments services
company, and National Credit Card Center of R.O.C. (NCCC), the domestic
payment network in Taiwan, today signed an agreement to form a strategic
network alliance and expand its existing acquiring relationship.
Currently, Discover®, Diners Club International®, and network affiliate
cards are accepted on the NCCC network in Taiwan. The new agreement will
allow acceptance of NCCC Global Cards outside of Taiwan on the Discover
Global Network.

NCCC is a non-profit foundation that provides card issuing member
institutions with centralized processing services, including
international credit card brand licensing and sponsorship, a shared
information system, as well as merchant network setup. NCCC will
continue to work with Taiwanese merchants to ensure acceptance of
Discover, Diners Club and affiliate network cards on their network.

The agreement also allows for all banks in Taiwan to begin issuing NCCC
Global Cards. The cards will be issued by Taiwanese banks after
enrolling in the Global Card program and run on their network
domestically, while Discover Global Network will be enabling global
acceptance for the card.

"Through the alliance with Discover, we have succeeded in fully
connecting NCCC's local network to Discover Global Network," said Teng
Cheng Liu, chairman of NCCC. "This agreement has provided a solid
foundation for cardholders in Taiwan, not just to obtain a card that
suits their daily life, but also offers convenience for the cardholders
when using the card abroad."

"NCCC's acceptance encompasses Taiwan, giving our cardholders the
opportunity to use their card across the region," said Joe Hurley,
senior vice president and head of global business development for
Discover. "Extending this relationship complements our strategy of
creating alliances that provide consumers around the world with the
ability to use their payment form of choice."

Taiwan has a growing international tourism market with 17 million
outbound travellers and an expenditure of more than 26 billion U.S.
dollars in 2017.1 The Discover Global Network includes
Discover Network, Diners Club International, PULSE® and affiliate
networks. It has more than 42 million merchant acceptance locations and
2 million ATM cash access locations across 190 countries and territories.

About NCCC

National Credit Card Center of R.O.C. (NCCC), first established in 1983,
was formed by funds of major banks in Taiwan and, for over 35 years, the
entity has provided an efficient yet cost effective operating mechanism
for the payment industry in the market. The entity operates under a
membership-based system, with 26 issuing member institutions that
account for over 80% of Taiwan's credit card transaction volume. NCCC
provides members with centralized processing and switching services,
international credit card brand licensing and sponsorship, shared
information system, and merchant network. For more information, visit

About Discover

Discover Financial Services (NYSE:DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America's cash rewards pioneer, and offers private
student loans, personal loans, home equity loans, checking and savings
accounts and certificates of deposit through its direct banking
business. It operates the Discover Global Network comprised of Discover
Network, with millions of merchant and cash access locations; PULSE, one
of the nation's leading ATM/debit networks; and Diners Club
International, a global payments network with acceptance in 190
countries and territories. For more information, visit

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