Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International declined 2.5% year-on-year (YOY) in the fourth quarter (4Q/15) to $6.76 billion.
The rate was down slightly from the third quarter’s 3.0% declined.
Over the past five quarters Diners GDV ranged between $6.47 billion and $6.76 billion.
After peaking at $7.2 billion in 4Q/12, the international charge card has experienced a substantial softening in quarterly gross volume. Acquired by Discover Financial Services in July 2008, the international payment card’s GDV high for 2014 was $6.93 billion in the year ago quarter.
During 2015 Diners Club inked a deal with Elo, the largest Brazilian credit card brand, to allow acceptance of Elo Global Cards for international purchases and cash access outside of Brazil on the Discover Global Network, which includes Discover Network, Diners Club International and the PULSE network.
Creditcall, a payment gateway provider and EMV migration specialist, and Discover’s Diners Club inked an agreement to expand the acceptance of Diners Club cards worldwide.
Lugano-based Cornèr Bank inked a deal to acquire Diners Club Italia and Dinit from Discover Financial Services. Diners Club Italia is the Diners Club International licensee for Italy, San Marino and Vatican City and Dinit is a Diners Club card transaction processor in Slovenia.
Diners Club and Alternatifbank (ABank) inked an agreement to form a new Diners Club International issuing franchise in Turkey. The agreement makes ABank the exclusive Diners Club card issuing franchise in Turkey.
Discover’s Diners Club International signed a deal to further grow Discover card acceptance in the UK and Europe. The contract with The Logic Group offers services based on supporting Omnichannel customer interactions whether managed payments or loyalty solutions and integrating these to provide customer insights.
DINERS CLUB GDV HISTORICAL
4Q/14 $6933 million
1Q/15 $6474 million
2Q/15 $6773 million
3Q/15 $6560 million
4Q/15 $6760 million
Source: Diners Club
Note: Volume is derived from data provided by licensees for Diners Club branded cards issued outside of North America.
For a complete archive of more than 60,000 articles published since 1995 search the CardFlash.com library.