Diners Club GDV Still Sliding YOY; Improved 50bps in 4Q
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,…