Diners Club International, founded as Diners Club, is a charge card company owned by Discover Financial Services.
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19 Facts About Diners Club
1.
2.
Idea for Diners Club was conceived at the Majors Cabin Grill restaurant in New York City in 1949.
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3.
Diners Club's wife paid the tab, and McNamara thought of a multipurpose charge card as a way to avoid similar embarrassments in the future.
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4.
Diners Club discussed the idea with the restaurant owner at the table, and the following day with his lawyer Ralph Schneider and friend Alfred Bloomingdale.
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5.
Diners Club started building its customer base by offering their cards to prominent businessmen.
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6.
Diners Club International was named for being a "club of diners" that would allow patrons to settle their bill at the end of each month through their credit account.
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7.
Diners Club had 20,000 members by the end of 1950 and 42,000 by the end of 1951.
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8.
The first plastic Diners Club card was introduced in 1961; by the mid-1960s, Diners Club had 1.
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9.
Towards the end of the 1960s, Diners Club faced competition from banks that issued revolving credit cards through Bank of America's BankAmericard, and Interbank Master Charge.
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11.
In September 2017, Diners Club International signed a deal with Allinpay, a Chinese payment provider, to be the exclusive carrier of all the cards that are part of the Discover Global Network.
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12.
Since 2004, all Diners Club cards issued in the United States and Canada feature a Mastercard logo and 16-digit account number on the front and can be used wherever Mastercards are accepted.
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13.
Diners Club expanded its customer base in Canada by acquiring the enRoute credit card from Air Canada in 1992.
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14.
In December 2010, Russian Standard Bank and Diners Club International entered into an agreement for settlement of transactions in Russia.
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16.
Diners Club International transferred the franchise to a subsidiary of Austria's Erste Bank group, Erste Card Club, and agreed to repay the franchise's debt to merchants.
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17.
In December 2016, Diners Club International and 2C2P, announced in a statement that the latter is a global provider of cards running on Discover Global Network and that it will increase the number of merchants who use the card in the region of South East Asia.
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19.
In 1963, the film The Man from the Diners' Club was released, and the Ideal Toy Company created the board game titled The Diners' Club Credit Card Game.
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