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Article: ELAVON DEAL EXPANDS DISCOVER AND DINERS CLUB EUROPEAN ACCEPTANCE.(News)(mergers between Elavon Inc. and Diners Club International Ltd. )

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Cardline
Article date:
October 2, 2009
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Discover Financial Services' Diners Club International Ltd. today announced it has signed an agreement with Elavon Inc., U.S. Bancorp's merchant-acquiring subsidiary, to expand Diners Club and Discover card acceptance in the U.K. and western Europe. Elavon by the second quarter of 2010 will provide consolidated pricing, underwriting, risk management, processing, settlement and reporting to merchants for Diners Club transactions, and Discover cardholders will "eventually" be able to use their cards at Elavon's U.K. and western European merchants, Discover says. Elavon claims to be Europe's sixth-largest acquirer, with a strong base of small- to mid-sized merchants. The ...

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