|
| Quick Links |
|---|
| Discover Buys Diners Club |
|
|
|
|
Discover Financial Services has agreed to buy Diners Club International from Citigroup Inc. for $165 million,according to a news report from Bloomburg. The financial wire service says Discover will acquire the Diners Club International network, which has more than $30 billion a year in spending volume outside of North America. In an official announcement, Discover said the acquisition will allow Discover customers to use their cards at merchants that accept Diners Club cards around the world. "This is certainly an incremental positive" for Discover, said Craig Maurer, an analyst at Calyon Securities in New York. The Diner's Club International purchase "doesn't add credit risk," Maurer said. |
| ETA Members Only |
|---|
Login here to access your member information, membership status and member-only content. |
| Upcoming Events |
|---|
|
Strategic Leadership &
Compliance Day November 5-6, 2008 Dallas, TX
2009 ETA Annual Las Vegas, NV |
| 2009 Annual Meeting |
|---|
 2008 Annual Meeting Exhibitor Information is Here! If you're planning to join the leading companies in the payments business in the ETA Annual Meeting exhibiton hall next April, now is the time to reserve your space and make your plans. Everything you need is here . |
Electronic Transactions Association
1101 16th Street NW Washington, DC 20036
Toll Free: 800.695.5509
Tel: 202.828.2635Privacy Statement | Antitrust Laws & Trade Associations
© 2008 ETA The Electronic Transactions Association. All rights reserved.