Examples of Diners Club in a sentence
Discover Network, Diners Club and PULSE have entered into contractual relationships with certain international payment networks in which DFS Services LLC retains the counterparty exposure if a network fails to fulfill its settlement obligation.
Evans and Richard Schmalensee (2005): “American Express adopted a slightly different pricing policy than Diners Club.
Diners Club has entered into contractual relationships with certain international merchants, which generally include travel-related businesses, for the benefit of all Diners Club licensees.
Ed Perkins, travel columnist and previous editor of Consumer Reports Travel Letter, says on his web page at www.smarterliving.com: “There’sa difference between the way the bank cards (MasterCard and Visa) and travel and entertain- ment (T&E) cards (AMEX and Diners Club) operate.
However, Diners Club retains a counterparty exposure if a licensee fails to meet its financial payment obligation to one of these merchants.