Old Second National Bank Selects Discover for New Debit Program

  Old Second National Bank Selects Discover for New Debit Program

   Signature Debit Solution Delivers Superior Value to Bank, its Customers

Business Wire

RIVERWOODS, Ill. & AURORA, Ill. -- July 18, 2013

Old Second National Bank, with a 140-year history as one of the Chicago area’s
largest and strongest community banks, has teamed with Discover to create the
Old Second Debit Card powered by Discover^® Debit. Old Second customers will
receive the new card in 2014, following a pilot program with bank employees.

Discover Debit is managed by PULSE, a leading debit/ATM network, and a
subsidiary of Discover Financial Services. Old Second, a PULSE network
participant for more than 10 years, has approximately 50,000 debit
cardholders. The bank provides full-service banking from Chicago-area branches
in Cook, Kane, Kendall, DeKalb, DuPage, LaSalle and Will counties in Illinois.

The agreement to transition to Discover Debit follows a thorough evaluation of
its debit program options by Old Second.

“The Old Second Debit Card is a better payment solution for our cardholders,
who will benefit from the enhancements that Discover Debit offers, such as a
lowest purchase price guarantee and industry-leading tools to mitigate their
exposure to debit card fraud,” said Keith Gottschalk, executive vice president
and chief operating officer with Old Second. “At the same time, the program
delivers superior value to our bank, including improved economics, transparent
operating rules, simplified billing and extensive marketing support.”

By joining with Discover, Old Second will provide its customers with signature
debit cards that provide convenient access to manage and spend their funds,
along with security features that give them peace of mind. Under the
agreement, Old Second also will have exclusive branding on the front of its
card to reinforce the relationship the bank has with its cardholders.

“Discover provides Old Second with a fresh approach to signature debit,” said
Dave Schneider, senior vice president of debit strategies for Discover and
president of PULSE. “Discover Debit is accepted at more than 9 million
merchant locations nationwide. Old Second also will benefit from highly
competitive interchange revenue and lower network fees.”

In addition to the lowest purchase price guarantee, Old Second cardholders
will benefit from Discover Debit’s zero liability protection, identity theft
defense, and a cash-over option at participating merchant locations
nationwide. Old Second also plans to incorporate its current rewards offering
into the new debit program to enable cardholders to earn points that can be
redeemed for travel, shopping, entertainment and other perks.

About Old Second Bancorp, Inc.

Old Second National Bank is a national banking organization headquartered in
Aurora, Ill. that provides commercial, treasury management and retail banking
services, as well as trust and wealth management services. Old Second has
offices located in Cook, Kane, Kendall, DeKalb, DuPage, LaSalle and Will
counties. Additional information concerning Old Second can be accessed at

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 operates the Discover
card, America’s cash rewards pioneer, and offers home loans, private student
loans, personal loans, online savings accounts, certificates of deposit and
money market accounts through its direct banking business. Its payment
businesses consist of Discover Network, with millions of merchant and cash
access locations; PULSE, one of the nation’s leading debit/ATM networks; and
Diners Club International, a global payments network with acceptance in more
than 185 countries and territories. For more information, visit


Patty Sendelbach, APR, 832-214-0395 or 800-420-2122
Old Second
Bob Valaitis, 630-906-5462
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