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