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Article: DINERS CLUB NORTH AMERICA, MASTERCARD SEEK TO FORM AN ALLIANCE.
- Article from:
- Cardline
- Article date:
- April 23, 2004
CopyrightCOPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Diners Club North America and MasterCard International are negotiating a deal in which Diners Club cardholders' cards would be accepted at MasterCard locations around the world as a way of growing the Diners Club brand. If the two sides reach an agreement, MasterCard's logo would appear on the front of Diners Club cards, a Citibank spokesperson tells CardLine today. Citigroup owns Diners Club North America, and Citigroup's Citibank is the world's largest MasterCard issuer. "It would be a Diners Club card with MasterCard acceptance, but not a cobranded card," the spokesperson adds. "This is not a conversion." Diners Club North America, which is based in Chicago, issues the ...