Two strong brands join forces
Cornèrcard, a division of Cornèr Bank Ltd., acquires the Diners Club license for Switzerland. In addition to Visa and Mastercard cards, Diners Club credit cards are now also part of Cornèrcard’s product offering.
Diners Club International and Cornèr Bank Ltd. concluded an agreement for the acquisition by Cornèrcard of a license to issue Diners Club credit cards in Switzerland. Diners Club cards issued under the auspices of Cornèrcard have been available since June 2014. “Diners Club and Cornèrcard have been part of a story spanning several decades in the area of cashless forms of payment. We are delighted to continue to further the pioneering spirit of Diners Club. Diners Club cards are a perfect addition to our current portfolio of Visa and Mastercard cards”, says Cornèrcard’s Director Alessandro Seralvo.
Eduardo Tobon, President of Diners Club International, adds: “Switzerland is an important market for Diners Club International to strengthen its presence even further. We are convinced that Cornèrcard is the right partner to achieve our objective. Cornèrcard is able to look back to a long and successful history and is to be recognized as a pioneer in Switzerland’s payment card market due to its ongoing drive to innovate”.
About Cornèrcard/Cornèr Bank Ltd.
Cornèr Bank, founded in Lugano in 1952, is a private and independent Swiss banking institution. In 1975, it became the first bank in Switzerland to launch the Visa credit card and helped significantly shape the Swiss credit card landscape thanks to continuing innovation efforts. Since 1998, Cornèr Bank/Cornèrcard has included the Mastercard card in its portfolio in addition to the Visa card. With the acquisition of the Diners Club license for Switzerland in the year 2014, Cornèrcard continues to expand its presence in the payment card market. Cornèrcard offers a wide range of credit and prepaid cards based on state-of-the-art technologies and is among today’s Internet pioneers. Cornèr Bank was one of Europe’s first banking institutions to introduce secure e-commerce standards and strives to further develop its e-commerce and mobile commerce services.
About Diners Club International
Diners Club International is a member of Discover Financial Services (NYSE:DFS), a company offering direct banking and payment services and one of the most renowned brands in the financial services sector in the United States. When it was founded in 1950, Diners Club International became the world’s first issuer of credit cards. This development constituted a financial revolution for consumers and companies alike in terms of paying for products and services. Today, Diners Club is an internationally recognized brand that serves the payment needs of its customers, offers worldwide access to more than 700 airport lounges, and provides a complete range of management solutions to small businesses and large companies alike. Accepted in more than 185 countries, at millions of points of sale and at more than 1 million ATMs and bank counters, Diners Club delivers its unique services to members around the world. For more information, please visit dinersclub.com