Press release from Business Wire
Barclaycard and Diners Club International Forge New Partnership
<p class='bwalignc'> <i><b>Partnership will give merchants extra choice over payment acceptance</b></i> </p>
Wednesday, June 05, 2013
Barclaycard and Diners Club International Forge New Partnership08:05 EDT Wednesday, June 05, 2013
LONDON & RIVERWOODS, Ill. (Business Wire) -- Barclaycard Global Payment Acceptance and Diners Club International, a business unit of Discover Financial Services (NYSE: DFS), today announced a new joint agreement to allow the acceptance of Discover and Diners Club cards by merchants using Barclaycard's payment acquiring services. As a result of the agreement, thousands of small, medium and large merchants using Barclaycard's payment acquiring services will be able to accept payments from Discover, Diners Club International and Discover Network partners cardholders from around the world.
Barclaycard, which is one of Europe's largest payment acceptance providers with over 89,000 merchants, will add acceptance of Discover Network and Diners Club International's cards – which are already accepted in more than 185 countries worldwide – as a standard to its payments processing services portfolio starting in early 2015.
Paulette Rowe, Managing Director of Barclaycard Global Payment Acceptance said: “With our increasingly global economy, businesses of all sizes want to offer the widest possible range of payment methods. As one of the largest payment processors in the UK, this new agreement between Barclaycard and Diners Club International will allow our merchants to take payment from a wider range of overseas customers. Whether you run a small online shop or a global retail chain, accepting the widest possible range of payments will mean more choice for customers and more opportunities for businesses.”
“Diners Club International and Discover Network cards already are accepted at millions of merchant locations worldwide, and this agreement with Barclaycard will increase our presence in the UK, a key tourist destination for our cardmembers,” said Gerry Wagner, VP of global acceptance for Discover Financial Services. “Not only will our cardmembers benefit from this increased acceptance, but Barclaycard Global Payment Acceptance merchants will find it easier to accept Discover Network and Diners Club International cards as method of payment, both in person and online.”
Barclaycard is a leading global payment business which helps consumers, retailers and businesses to make and accept payments flexibly, and to access short-term credit when needed.
The company is one of the pioneers of new forms of payments and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting edge forms of payment for the future. It also issues credit and charge cards to corporate customers and the UK Government. Barclaycard partners with a wide range of organisations across the globe to offer their customers or members payment options and credit.
In addition to the UK, Barclaycard operates in the United States, Europe and Africa.
Key facts published in February 2013;
- Total number of Barclaycard customers: 28.8m
- Number of retailer/merchant relationships: 89,000
- Total payments processed: £240bn
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 more than 450 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 over 850,000 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.
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 operates the Discover card, America's cash rewards pioneer, and offers home loans, private student loans, personal loans, online savings accounts, certificates of deposit and money market accounts through its direct banking business. Its payment businesses consist of 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.discoverfinancial.com.
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