Logo Diners | cards

Diners | cards

Diners Club International, founded as Diners Club, is a charge card company formed in 1950.

Supporting Providers

INTRODUCTION

Diners Club International, founded as Diners Club, is a charge card company formed in 1950 by Frank X. McNamara, Ralph Schneider and Matty Simmons. When it first emerged, it became the first independent credit card company in the world that established an idea of a self-sufficient company producing credit cards for travel and entertainment. Diners Club International and its franchises service high net, affluent and well travelled individuals from around the globe with operations in 59 countries.    
 
Towards the end of the 1960s Diners Club also faced competition from banks that issued revolving credit cards through BankAmericard (later renamed Visa), and Interbank MasterCharge (later renamed MasterCard). Diners Club began early on to allow franchises of the Diners Club name, at first in Europe and later throughout the world, for many years eclipsing the BankAmericard or Interbank MasterCharge networks abroad. Amoco also issued for a time its own co-branded Diners Club cards called American Torch Club, and Sun Oil Company issued its version called Sun Diner Club Card. 
In 1981, Citibank, a unit of Citigroup, acquired Diners Club International, the franchisor that holds rights to the Diners Club trademark, and many of the largest franchises worldwide. A majority of the abroad franchises remain independently owned.    
 
In a transaction completed July 1, 2008, Discover Financial Services purchased Diners Club International from Citi for $165 million. The deal was announced in April 2008 and approved by the U.S. government in May 2008. By merging the North American Discover Network with the international Diners Club Network, Discover created a global payment processing system. Discover Bank has no plans to issue Diners Club-branded cards, which continue to be issued by Diners Club International licensees. 

In 2011, Discover began putting its logo on Diners Club cards. Some payment processors, like PayPal, can only process new Diners Club cards with the Discover logo on them.  


E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.

Supported By Payment Provider

Available in the following countries

India


COMPANY DETAILS

Diners Club International, founded as Diners Club, is a charge card company formed in 1950 by Frank X. McNamara, Ralph Schneider and Matty Simmons. When it first emerged, it became the first independent credit card company in the world that established an idea of a self-sufficient company producing credit cards for travel and entertainment. Diners Club International and its franchises service high net, affluent and well travelled individuals from around the globe with operations in 59 countries.    
 
Towards the end of the 1960s Diners Club also faced competition from banks that issued revolving credit cards through BankAmericard (later renamed Visa), and Interbank MasterCharge (later renamed MasterCard). Diners Club began early on to allow franchises of the Diners Club name, at first in Europe and later throughout the world, for many years eclipsing the BankAmericard or Interbank MasterCharge networks abroad. Amoco also issued for a time its own co-branded Diners Club cards called American Torch Club, and Sun Oil Company issued its version called Sun Diner Club Card. 
In 1981, Citibank, a unit of Citigroup, acquired Diners Club International, the franchisor that holds rights to the Diners Club trademark, and many of the largest franchises worldwide. A majority of the abroad franchises remain independently owned.    
 
In a transaction completed July 1, 2008, Discover Financial Services purchased Diners Club International from Citi for $165 million. The deal was announced in April 2008 and approved by the U.S. government in May 2008. By merging the North American Discover Network with the international Diners Club Network, Discover created a global payment processing system. Discover Bank has no plans to issue Diners Club-branded cards, which continue to be issued by Diners Club International licensees. 

In 2011, Discover began putting its logo on Diners Club cards. Some payment processors, like PayPal, can only process new Diners Club cards with the Discover logo on them.  

COMPANY ADDRESS

Riverwoods, Illinois
Riverwoods, Illinois

United States of America

PHONE & EMAIL

Main Phone Number
Main Fax Number
Email

WEBSITE AND BLOG

Website
Blog

SOCIAL LINKS

INTERESTED IN MORE ONLINE PAYMENT METHODS?


About-Payments has world's largest searchable database of Online Payment Methods and Payment Service Providers.

Select and choose the payment methods that fit your audience. See what payment methods to accept or add to your payment checkout.

Our easy-to-use filter shows your results in a split second. Try it out now.

If you follow us, we like it.

more about payments

Copyright © 2011-2024 | ABOUT-PAYMENTS.com | All rights reserved.