RIVERWOODS, Ill.--(BUSINESS WIRE)--May 30, 2014--
Diners Club International Ltd., a business unit of Discover Financial
Services and part of the Discover Global Network, and Bangkok Bank, a
leading bank in Southeast Asia, will go live with merchant acquiring in
Thailand.
Under the agreement, merchants using the Bangkok Bank terminal network
will be able to accept Diners Club International, Discover, BC Global,
DinaCard and RuPay cards, which are all part of the Discover Global
Network.
"By opening up our Discover Global Network to Bangkok Bank's extensive
merchant network, we are strengthening our acceptance footprint
throughout Southeast Asia,” said Diane Offereins, EVP and President of
Discover Payment Services. "Thailand, especially Bangkok, is a top
destination for international travelers. As the Discover Global Network
expands farther throughout the region and the world, we're meeting our
cardmembers' travel needs wherever they want to go.”
The Discover Global Network is the third-largest payments network in the
world, operating in more than 185 countries.
“Cards running on the Discover Global Network offer many benefits, which
include cashback, rich rewards, no foreign exchange fees and access to
airport lounges,” said Mr. Shoke Na Ranong, Executive Vice President,
Card Division Head, Bangkok Bank. “The cards are used by corporations
and government organizations for employees’ business expenses and have
the best-in-class corporate-reporting and expense-management tools. We
feel that this means that these corporate cardholders prefer to frequent
merchants that accept their cards.”
About Diners Club International
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 nearly 500 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 is uniquely qualified to serve its cardmembers 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 home
loans, private student loans, personal loans, home equity loans,
checking and savings accounts, certificates of deposit and money market
accounts 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.
About Bangkok Bank
Bangkok Bank is Thailand’s largest commercial bank by assets and one of
the leading banks in Southeast Asia, with assets of over USD 85 billion
and more than 17 million customer accounts. It has more than 1,100
branches and 230 business centers across Thailand, as well as an
expanding international network of 27 branches and one representative
office in 13 economies.
Source: Discover Financial Services
Discover Financial Services
Katie Allmaras, 224-405-4437
[email protected]