PULSE's Paur Promoted

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CHICAGO - (02/09/06) -- Stan Paur, the longtime head of thePULSE EFT network, was named chairman of Morgan Stanley's DiscoverFinancial network, the company announced Wednesday. Paur has beenpresident and CEO of PULSE for the past 23 years and guided lastyear's merger into Discover Financial. Paur, a well-known figure inthe credit union movement, will be succeeded as head of PULSE byDavid Schneider, current executive vice president and chiefcorporate development officer for the network.

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