Diners Club International® Signs Merchant
Acquiring Agreement With Global Payments
Deal with Leading Global Acquirer Expected to Increase Acceptance of Diners Club® and Discover
March 15, 2010 01:59 PM Eastern Daylight Time
RIVERWOODS, Ill. & ATLANTA--(EON: Enhanced Online News)--Diners Club International® Ltd., a business
unit of Discover (NYSE: DFS), and Global Payments Direct, Inc., a subsidiary of Global Payments Inc. (NYSE:
GPN), today announced the signing of a merchant acquiring agreement. Under the terms of the agreement, Global
Payments will add Diners Club® card acceptance to its portfolio of payment processing services in selected markets.
Diners Club and Discover Cardmembers soon will have the ability to use their cards in markets where Global
Payments has a presence, which include the U.K. and certain other territories in Western Europe, Hong Kong,
India, and Taiwan.
“This agreement helps to further enhance Diners Club International’s position as a leading global payments network
and demonstrates our commitment to expand acceptance throughout the world,” said Rajive Chadha, President of
Diners Club International. “Our relationship with a marketplace leader like Global Payments will bring more value,
choice and convenience for Diners Club and Discover Cardmembers.”
Global Payments, one of the largest worldwide merchant acquirers, will provide consolidated pricing, underwriting,
risk management, processing, settlement, support and reporting to merchants, ultimately simplifying payments
processing. The relationship will increase volume and broaden Diners Club and Discover card acceptance among
small to mid-sized merchants.
“The ability of our organization to provide an easy to use, integrated solution for merchants, particularly throughout
our key markets in Europe and Asia, will help Diners Club and Discover reach their goal of international
acceptance,” said Paul R. Garcia, Chairman and CEO, Global Payments. “It’s important that merchants have a