@Anonymous wrote:
See excerpt above directly from Diners' Club's own website stating that they are owned by Discover. Have a great day!
I wonder why they don't make BMO Harris run them on the Discover network? I assume some long term franchise agreement with MasterCard.
from wikipedia:
Diners Club International was acquired by Citigroup in 1981 and by Discover Financial Services in April 2008.
plus the language on Diners' Club own website stating that Diners' Club is owned by Discover.
Sorry that having the Discover card does not equal lounge admission, OP! 
@Anonymous wrote:from wikipedia:
Diners Club International was acquired by Citigroup in 1981 and by Discover Financial Services in April 2008.
plus the language on Diners' Club own website stating that Diners' Club is owned by Discover.
Sorry that having the Discover card does not equal lounge admission, OP!
Several important distinctions to keep in mind:
A Payment Network is what the card transacts through.
A card Brand is just the name on the card. It really means nothing tangible.
The terms and conditions of the card issuer, which go to the cardholder, determines the features, benefits and obligations for that particular card. These features and benefits can even vary among cardholders of the same branded card.
BMO Harris licenses the Diners Club brand, but uses the MC payment network for worldwide acceptance.
Discover bought the Diners international payment network to enhance their global footprint. Whether they license the Diners brand, probably, but the brand is not tied to the network any longer.
@NRB525 wrote:
@Anonymous wrote:from wikipedia:
Diners Club International was acquired by Citigroup in 1981 and by Discover Financial Services in April 2008.
plus the language on Diners' Club own website stating that Diners' Club is owned by Discover.
Sorry that having the Discover card does not equal lounge admission, OP!Several important distinctions to keep in mind:
A Payment Network is what the card transacts through.
A card Brand is just the name on the card. It really means nothing tangible.
The terms and conditions of the card issuer, which go to the cardholder, determines the features, benefits and obligations for that particular card. These features and benefits can even vary among cardholders of the same branded card.
BMO Harris licenses the Diners Club brand, but uses the MC payment network for worldwide acceptance.
Discover bought the Diners international payment network to enhance their global footprint. Whether they license the Diners brand, probably, but the brand is not tied to the network any longer.
Thanks for the explanation/clarification. You explained it well and I know it makes sense to me. Now that you have said it .... remember reading that way back when!
BMO Harris is the franchisee; whereas Discover is the owner.
Pretty simple.
Pretty simple.
@Anonymous wrote:
BMO Harris is the franchisee; whereas Discover is the owner.
Pretty simple.
Thanks!