Sumitomo Mitsui Trust Bank Group is the Official Diners Club International Franchise in Japan
18 Dicembre 2015 - 3:00PM
Business Wire
On December 14, 2015, Sumitomo Mitsui Trust Club Co., Ltd (“SuMi
TRUST CLUB”), the wholly-owned subsidiary of Sumitomo Mitsui Trust
Bank, Limited (“SuMi TRUST”), became the exclusive issuer and
acquirer of Diners Club cards in Japan for Diners Club
International Ltd., a business unit of Discover Financial Services
and a part of the Discover Global Network.
SuMi TRUST CLUB is the wholly-owned subsidiary and one of the
group companies of SuMi TRUST, the independent and largest trust
bank in Japan with 90 years of history. In March, it was
announced that SuMi TRUST agreed to acquire the Japanese Diners
Club franchise and be responsible for both the Diners Club Japan
brand and the business of issuing and acquiring in Japan.
“The Japanese market has been and continues to be an integral
part of our global footprint,” said Diane Offereins, Discover’s
president of payment services. “With the support and access to the
affluent consumer segment provided by SuMi TRUST, I’m confident we
will take the Diners Club Japan business to the next level.”
Discover Global Network is the third largest payments network in
the world and the largest merchant acceptance network in
Asia-Pacific. With millions of merchant acceptance locations and
one million ATM and cash access locations across 185 countries and
territories, Discover Global Network includes Discover, Diners Club
International, PULSE and affiliated networks.
“Through the work between Diners Club and SuMi TRUST, we will
improve the service quality to our mutual customers,” said Koji
Nohara, the newly appointed president of SuMi TRUST CLUB. “SuMi
TRUST CLUB will provide high quality credit card services, with
superior value propositions to SuMi TRUST customers, and we believe
that SuMi TRUST’s customers will respond well to Diners Club
Japan’s offerings.”
About SuMi TRUST CLUB
SuMi TRUST CLUB is the wholly-owned subsidiary and one of the
group companies of SuMi TRUST. SuMi TRUST CLUB will have sole
authority to issue Diners Club cards in Japan, as a new Diners Club
International franchise. SuMi TRUST CLUB will operate the
Diners Club brand credit card business in Japan in collaboration
with SuMi TRUST through use of SuMi TRUST’s nationwide network and
providing SuMi TRUST customers with new product and services.
About SuMi TRUST
SuMi TRUST is the wholly-owned subsidiary of Sumitomo Mitsui
Trust Holdings, Inc. and it is the largest company in the Sumitomo
Mitsui Trust Group in terms of scale and profitability. SuMi
TRUST has provided products and services unique to trust banks for
many years to customers as a specialized trust bank, with its
origins in the first trust company in Japan and a tradition dating
back more than ninety years. As the largest, most prestigious
trust bank group in Japan, the Sumitomo Mitsui Trust Group is
Japan’s largest asset manager and administrator, a top asset
management consultant, and an industry leader in trust-bank-related
businesses. Sales Volume of Investment Trust/Discretionary
Investment was Yen1.8 trillion, No.1 among Japanese banks (fiscal
year 2014), Real Estate Business-related Revenue was Yen 44.6
billion, No.1 among Japanese trust banks (fiscal year 2014), and
Assets under Management was Yen 80 trillion, No.1 among Japanese
Bank and Securities Company Groups (as of the end of March
2015).
About Diners Club International Ltd.
Diners Club International is owned by Discover Financial
Services (NYSE:DFS), a direct banking and payment services company
with one of the most recognized brands in U.S. financial services.
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, offering access
to more than 600 airport lounges worldwide, and 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 more than 1 million cash access locations and ATMs,
Diners Club, as a part of the Discover Global Network, is uniquely
qualified to serve its card members all over the world. For more
information, visit www.dinersclub.com.
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 issues the Discover card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
equity loans, checking and savings accounts and certificates of
deposit through its direct banking business. It operates 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 more than 185 countries and territories. For more
information, visit www.discover.com/company.
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version on businesswire.com: http://www.businesswire.com/news/home/20151218005086/en/
Discover/Diners Club InternationalAbbe
Kalina+1-224-405-5175abbekalina@discover.comorSumitomo Mitsui
Trust Holdings, Inc.IR DepartmentTelephone:
+81-3-3286-8354Facsimile: +81-3-3286-4654
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