Diners Club and MasterCard Pursue Alliance

Thursday 29 April 2004 11:27 CET | News

Diners Club and MasterCard International are pursuing an alliance to provide enhanced global acceptance to Diners Club North America cardholders, and enhanced U.S. and Canadian acceptance for Diners Club International cardholders.

The alliance would allow Diners Club cards that are issued in the United States and Canada to be reissued with the MasterCard brand on the front of the card in order to function as MasterCard cards. These cards would be accepted at the more than 22 million merchant locations worldwide where MasterCard credit cards are accepted. In addition, Diners Club cards issued by Diners Club International franchises (outside the United States and Canada) will include the MasterCard brand on the back of the card, allowing these cards to be accepted at MasterCard merchants in the U.S. and Canada and processed as MasterCard transactions. When these cards are used outside of the United States or Canada, they will continue to be accepted and processed by Diners Club as they are today. With this alliance, Diners Club North America will remain a key franchise within the Diners Club International network. The Diners Club International brand will retain its prominence as a global premium payment solution with superior benefits and exceptional service, while enhancing its opportunities for worldwide growth. Diners Club International, Diners Club North America and MasterCard are currently working with all the necessary parties to reach a final agreement, which includes determining project timing, logistics, and other details of implementation. Currently there are no changes to the Diners Club products or programs. Cardmembers should continue to use their cards as usual, and enjoy the outstanding features, benefits, and service they have come to expect from Diners Club.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce