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Diners Club Signs Multi-Year Acquiring Agreement With SIX Multipay

March 23, 2009
Diners Club International to Expand European Acceptance

RIVERWOODS, Ill. & ZURICH--(BUSINESS WIRE)--Mar. 23, 2009-- 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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Source: Diners Club International Ltd.

Diners Club International
Discover Financial Services
Leslie Beyer, 1-224-405-5154
lesliebeyer@discover.com
or
SIX Multipay
Bernhard Wenger, +41 44 279 22 20
Spokesman
bernhard.wenger@six-group.com
www.six-group.com