Diners Club International, a business unit of Discover, has signed a merchant acquiring agreement with Global Payments Direct, a subsidiary of Global Payments. Under the terms of the agreement, Global Payments will add Diners Club card acceptance to its portfolio of payment processing services in selected markets. Diners Club and Discover Card members will have the ability to use their cards in markets where Global Payments has a presence, which include the UK and certain other territories in western Europe, Hong Kong, India, and Taiwan.
“The ability of our organisation to provide an easy to use, integrated solution for merchants, particularly throughout our key markets in Europe and Asia, will help Diners Club and Discover reach their goal of international acceptance,” said Paul Garcia, chairman and chief executive officer (CEO), Global Payments. “It’s important that merchants have a streamlined process in place when it comes to acceptance. With this deal, merchants will benefit from increased transaction volume as well as a single point of contact for all of their processing needs.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.