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Diners Club International (DCI), founded as Diners Club, is a charge card company owned by Discover Financial Services.Formed in 1950 by Frank X. McNamara, Ralph Schneider (1909–1964), [3] Matty Simmons, and Alfred S. Bloomingdale, it was the first independent payment card company in the world, successfully establishing the financial card service of issuing travel and entertainment (T&E ...
v. t. e. A credit card is a payment card, usually issued by a bank, allowing its users to purchase goods or services or withdraw cash on credit. Using the card thus accrues debt that has to be repaid later. [ 1] Credit cards are one of the most widely used forms of payment across the world. [ 2]
enRoute card. enRoute was a credit card issued by Air Canada until 1992, when the airline sold its credit card division to Diners Club . The card was developed only for Air Canada transactions, but over time, the card was expanded into a more general credit card for business travellers, being accepted by hotels, restaurants, and other merchants.
Alfred Schiffer Bloomingdale (April 15, 1916 – August 23, 1982) was an American businessman who launched the credit card business Dine and Sign, was chairman of Diners Club, and became known as "father of the credit card." He was an heir to the Bloomingdale's department store fortune and the lover of murdered mistress Vicki Morgan.
Japan Credit Bureau was founded in 1961 by Sanwa Bank (now MUFG Bank) and Nippon Shinpan (now Mitsubishi UFJ NICOS ), as the country's second credit card issuer and payment network after the Japanese branch of Diners Club International. JCB firmly established itself in the Japanese credit card market after purchasing, and then absorbing ...
Visa Inc. ( / ˈviːzə, ˈviːsə /) is an American multinational payment card services corporation headquartered in San Francisco, California. [ 1][ 4] It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. [ 5]
Martin Gerald "Matty" Simmons[ 1] (October 3, 1926 – April 29, 2020) was an American film and television producer, newspaper reporter for the New York World-Telegram and Sun, and Executive Vice President of Diners Club, the first credit card company. [ 2] Simmons gained his greatest fame while serving as the chief executive officer of Twenty ...
Card schemes are payment networks linked to payment cards, such as debit or credit cards, of which a bank or any other eligible financial institution can become a member. By becoming a member of gets the possibility to issue cards or acquire merchants operating on the network of that card scheme. [ 1][ 2] UnionPay, Visa and MasterCard are three ...