Diners Club Signs Multi-Year Acquiring Agreement with SIX Multipay
23 Marzo 2009 - 1:01PM
Business Wire
Diners Club International Ltd., a business unit of Discover
Financial Services (NYSE: DFS) in conjunction with Discover, and
SIX Multipay, a leading Swiss-based payment services provider,
today announced that they have signed a long-term merchant
acquiring agreement. This is the first multi-country, acquirer
agreement to further European acceptance of Diners Club and
Discover Network cards.
Under the terms of the agreement, SIX Multipay will provide
merchants with single source electronic payment services for the
acceptance of Diners Club and Discover Network card products in key
European regions including Switzerland, the United Kingdom, France,
Germany, Ireland, Belgium, Netherlands and Luxembourg.
�Since acquiring Diners Club, one of our key priorities has been
to strengthen acceptance,� said Rajive Chadha, president, Diners
Club International at Discover Financial Services. �Our agreement
with SIX Multipay is an important step in helping reach that goal
as we make progress on this initiative.�
�This is a time where adding a new payment type for merchants
will be well received. Merchants want to sell and we, as an
international multibrand acquirer offering a one stop solution,
want to handle all their payments,� said Niklaus Santschi, managing
director of SIX Multipay. �We believe in providing choice to our
merchants. The additional acceptance of Diners Club and Discover
Network cards provides us with a new and exciting opportunity to do
that.�
About SIX Multipay
SIX Multipay provides the acceptance and smooth processing of
card-based means of payment to merchants. With the card products
VISA, MasterCard, Diners, Discover, JCB, V PAY, Maestro and the
electronic purse CASH, SIX Multipay offers an intelligent cashless
solution for any purchase amount and in addition various value
added services. Foreign currency conversions at the point of sale
(DCC), the loading of prepaid mobile telephone credits at payment
terminals, vouchers and the sale of gift cards (GiftCard) create
additional benefits and profits to merchants. SIX Multipay is not
only the leading acquiring company in Switzerland, but also
provides its services to merchants throughout Europe. SIX Multipay
is a subsidiary of SIX Group. On a worldwide scale, SIX Group
offers first-rate services in the areas of securities trading,
clearing and settlement, as well as financial information and
payment transactions.
About Diners Club International
Diners Club International is owned by Discover Financial
Services (NYSE: DFS), a leading credit card issuer and electronic
payment services company. Established in 1950, Diners Club
International became the first multi-purpose charge card in the
world, launching a financial revolution in how consumers and
companies pay for products and services. Today, Diners Club is a
globally recognized brand serving the payment needs of upscale
consumers as well as providing corporations and small business
owners with a complete array of expense management solutions. With
acceptance in more than 185 countries, 14 million merchant
locations, and access to over 1 million ATMs, Diners Club is
uniquely qualified to serve its cardholders all over the world.
About Discover Financial Services
Discover Financial Services (NYSE: DFS) is a leading credit card
issuer and electronic payment services company with one of the most
recognized brands in U.S. financial services. The company operates
the Discover Card, America's cash rewards pioneer. Since its
inception in 1986, the company has become one of the largest card
issuers in the United States. Its payments business consists of the
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 185 countries and territories. For more information,
visit www.discoverfinancial.com.
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