Strategic Agreement focused on bringing more value to consumers and merchants
Riverwoods, IL, and Fleet, England, January 20, 2015 – Diners Club International, Ltd., a business unit of Discover Financial Services and part of the Discover Global Network, and payment and loyalty specialist, The Logic Group, announced a signed agreement today that will grow Discover and Diners Club card acceptance in the UK and Europe.
This agreement is part of Discover Global Network’s overall strategy to partner with key payment service providers to help drive increased Discover and Diners Club card acceptance from leading brands.
“Working with The Logic Group expands our footprint and gives our cardholders access to an ever-increasing number of top-tier merchants,” said Gerry Wagner, vice president, Discover Global Network. “It is an important step in ensuring acceptance at European merchants where our cardholders want to shop.”
Discover Global Network is the third largest payments network in the world and the largest merchant acceptance network in Asia-Pacific. With more than 30 million merchant acceptance locations and one million ATM and cash access locations across 185 countries and territories, Discover Global Network includes Discover, Diners Club International, PULSE and affiliated networks.
Jon Banks, Director of Payments and Customer Loyalty at The Logic Group commented: “This new agreement with Diners Club International will offer strong value to The Logic Group’s clients as both Discover and Diners Club bring with them a very loyal and affluent customer base. In today’s competitive market it has never been more important for brands to provide the global consumer with a great customer experience, which includes accepting their preferred payment methods.”
About The Logic Group
The Logic Group is a European payment and loyalty specialist business providing a solution that manages significant volumes of payment transactions and pan-European member-based loyalty schemes. The company’s services are based on supporting Omnichannel customer interactions whether managed payments or loyalty solutions and integrating these to provide customer insights. The Logic Group’s portfolio of customers include leading European brand names in retail, financial services, hospitality and entertainment. More information on The Logic Group is available at www.the-logic-group.com, the company blog, Twitter, YouTube and LinkedIn.
About Diners Club International Ltd.
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 550 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, as a strategic partner of the Discover Global Network, 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 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.
SOURCE: Discover/Diners Club International