Diners Club International is Associated With and Known as:
Diners Club International (DCI), a charge card company made in 1950 by Frank X. McNamara, Ralph Schneider, and Matty Simmons. Diners Club International was the first independent Credit Card company in the whole universe and developed an idea of a self-sufficient company presents credit cards for travel and entertainment.
Diners Club concept was received in 1949 at the Major's Cabin Grill restaurant by MCNamara, his attorney, Ralph Schneider, Alfred Bloomingdale in New York City. On February Eight 1950, $1.5 million as first investment. Diners Club's was as American Express and Carte Blanche joined with Diners Club competition as first competition of travel and entertainment (T&E) card market. At the end of 1960s, Diners Club compete with banks that presents rounding credit cards by BankAmericard now as Visa, and Interbank MasterCharge as MasterCard. Diners Club international startes its first business in Europe and after that in the whole world joining the BankAmericard and Interbank MasterCharge in foriegn, Amoco presents co-branded Diners Club cards known as American Torch Club, and Sun Oil Company presents its product as Sun Diner Club Card. Diners Club International had many franchisors throughout the universe like CitiBank that became its franchisor in 1981, sharer of Diners Club trademark also. Diners Club in 2004 contracted with Mastercard established in the U.S.A, Canada and after that presented a MasterCard logo and 16-digit account number in front. On July first 2008, Discover Financial Services owned Diners Club International from Citibank at the rate of $165 million. The project was declared and agreed by the U.S.A government in April 2008 and on combination of North American Discover Network and Diners Club Network, Discover presented a world payment processing system but because of no policies to provide card it was followed by Diners Club International licensees. In 2011, Discover started to issue its logo on Diners Club cards, like payment processors PayPal, since Diners Club International cards had the Discover logo on the back.
North America Franchise
MasterCard alliance on 2004 in U.S.A and Canada as MasterCard was established, Carte Blanche was produced on 1958 as
Hilton Hotels travel & entertainment card, EnRoute on 1992 from
Air Canada as Diners Club or enRoute Card wsa presented, Acquisition by Bank of Monetral
Bmo on November 2009 in U.S.A as Dinners cards was also produced, On December 2010, Russian
Standard Bank contracted for settlement of transactions, On August seven, 2012, Citigroup, Inc. by United kingdom and Ireland declared the sale of Dinners club Franchise, In 2013 Central Bank of Slovenia bought Diners Club Slovenija was investigated for non paid debts.