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Oct.17.2011

ConCardis Rounds Off Card Portfolio With Diners Club And Discover

Frankfurt am Main, 17 October 2011. ConCardis is to offer acceptance of international credit cards Diners Club and Discover. This rounds out the company's credit card portfolio and provides merchants with access to a particularly profitable customer group.

Current data confirms that Diners Club cardholders have higher purchasing power and spend twice as much as other card schemes. These well-off clients particularly like the unlimited spending limit on the Diners Club card. Since the cardholders are typically frequent travellers, other services include free use of more than 400 airport lounges around the world, exclusive travel insurance and attractive discounts such as for car rental. Diners Club also offers its members several bonus programmes.

Diners Club was the world's first credit card and has been on the market for over 60 years. It is used by thousands of Germans and is accepted at more than 18 million merchant locations worldwide. Acceptance of Diners Club for ConCardis clients also includes settlement of Discover - one of the leading credit cards in the USA with tens of millions of cardholders.

"Discover has clearly been focused on growing its global network," said Manfred Krüger, CEO of ConCardis GmbH. "We decided to actively expand our acceptance network, and by offering Diners Club and Discover acceptance, provide merchants and service providers with access to an interesting new group of clients who like to be able to pay with their usual credit card when travelling. After all, Germany is a preferred European destination for US travellers. Diners Club and Discover settlement rounds off our portfolio; now it contains all major credit card brands."

"This agreement with ConCardis demonstrates Diners Club International's commitment towards rapidly expanding acceptance in popular travel destinations like Germany," said Gerry Wagner, Vice President of International Acceptance for Diners Club International. "Our relationship with a marketplace leader like ConCardis will bring more value, choice and convenience for Diners Club and Discover Cardmembers as they travel throughout Germany and the Benelux region."

The cooperation between Diners Club, Discover and ConCardis comprises settlement and acceptance of both credit cards in countries including Germany, Switzerland, Belgium, the Netherlands and Luxembourg.

About ConCardis

As a company of the German banks and savings banks, ConCardis GmbH ranks among the leading providers of cashless payment services, with around 400,000 acceptance points. ConCardis is a payment institution authorised by the Federal Financial Supervisory Authority (BaFin) and provides all manner of services relating to card-based payment for traditional over-the-counter retail and service providers. ConCardis also provides secure and easy-to-install payment solutions for the e-commerce and mail order segments. The company enjoys success in Switzerland, Austria and the Benelux countries, and is expanding into additional European markets.

About Diners Club International

Diners Club International is owned by Discover Financial Services (NYSE: DFS), a leading credit card issuer and electronic payment services company. 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 as well as 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 800,000 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.

About Discover Financial Services

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 personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. 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.

Contact Info
Laura Gingiss

Discover Financial Services