DISCOUNTS DISCOVERED: "We've got to deliver something better to encourage banks to change," said Steve Sievert, an executive v.p. in Discover's Pulse unit.

Discover Offers Discount to Banks in Bid to Gain on Visa, MasterCard

The reduced pricing for Discover's signature debit card network will apply to the more than 4,000 banks that are members of the American Bankers Association.

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