Diners Club International® Signs Merchant Acquiring Agreement With Global Payments
15 Marzo 2010 - 6:53PM
Business Wire
Diners Club International® Ltd., a business unit of Discover
(NYSE: DFS), and Global Payments Direct, Inc., a subsidiary of
Global Payments Inc. (NYSE: GPN), today announced the signing of a
merchant acquiring agreement. Under the terms of the agreement,
Global Payments will add Diners Club® card acceptance to its
portfolio of payment processing services in selected markets.
Diners Club and Discover Cardmembers soon will have the ability to
use their cards in markets where Global Payments has a presence,
which include the U.K. and certain other territories in Western
Europe, Hong Kong, India, and Taiwan.
“This agreement helps to further enhance Diners Club
International’s position as a leading global payments network and
demonstrates our commitment to expand acceptance throughout the
world,” said Rajive Chadha, President of Diners Club International.
“Our relationship with a marketplace leader like Global Payments
will bring more value, choice and convenience for Diners Club and
Discover Cardmembers.”
Global Payments, one of the largest worldwide merchant
acquirers, will provide consolidated pricing, underwriting, risk
management, processing, settlement, support and reporting to
merchants, ultimately simplifying payments processing. The
relationship will increase volume and broaden Diners Club and
Discover card acceptance among small to mid-sized merchants.
“The ability of our organization to provide an easy to use,
integrated solution for merchants, particularly throughout our key
markets in Europe and Asia, will help Diners Club and Discover
reach their goal of international acceptance,” said Paul R. Garcia,
Chairman and CEO, Global Payments. “It’s important that merchants
have a streamlined process in place when it comes to acceptance.
With this deal, merchants will benefit from increased transaction
volume as well as a single point of contact for all of their
processing needs.”
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 select and
affluent 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 and
territories, millions of merchant locations and access to over
675,000 cash access locations and ATMs, Diners Club is uniquely
qualified to serve its cardmembers all over the world. For more
information, visit www.dinersclub.com.
About Global Payments:
Global Payments Inc. (NYSE: GPN) is a leading provider of
electronic transaction processing services for merchants,
Independent Sales Organizations (ISOs), financial institutions,
government agencies and multi-national corporations located
throughout the United States, Canada, Europe, and the Asia-Pacific
region. Global Payments offers a comprehensive line of processing
solutions for credit and debit cards, business-to-business
purchasing cards, gift cards, electronic check conversion and check
guarantee, verification and recovery including electronic check
services, as well as terminal management. Visit
www.globalpaymentsinc.com for more information about the company
and its services.
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 personal and student loans, online savings
accounts, certificates of deposit and money market accounts through
its Discover Bank subsidiary. Its payment businesses consist 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 more than 185 countries and territories. For more
information, visit www.discoverfinancial.com.
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