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Company type | Subsidiary of Discover Financial |
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Industry | Finance |
Founded | February 8, 1950 |
Founder | Frank X. McNamara Ralph Schneider Matty Simmons Alfred S. Bloomingdale |
Headquarters | , |
Area served | Worldwide |
Key people | Eduardo Tobon (President & CEO)[1] |
Products | Charge and Credit cards |
Parent | Discover Financial (Global) Bank of Montreal (North American operations)[2] |
Website | dinersclub.com |
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) credit cards as a viable business.[4] Diners Club International and its franchises serve individuals from around the world with operations in 59 countries.[5]