In 1949, businessman Frank McNamara was entertaining a group of dinner guests in a New York restaurant, only to discover that he had forgotten his wallet. Luckily, the restaurant owner knew him and agreed that he would pay his bill on another occasion. This embarrassing situation inspired McNamara to devise a card to prove the holder's identity and ability to pay. He launched the Diners Club Card, and within a year had a membership of 10,000 culled from the cream of New York society, with 28 restaurants and two hotels prepared to accept monthly billing in respect of this select clientele. Frank McNamara had laid the cornerstone for the world’s first-ever credit card organisation.
In 2008, Diners Club International was purchased by Discover Financial Services® (NYSE:DFS), a direct banking and payment services company with one of the most recognised brands in U.S. financial services. The acquisition enabled Discover to leverage the synergies between the companies to create greater opportunities for cardmembers, merchants, issuers and franchises. Today, Diners Club is a globally recognised brand serving the payment needs of select and affluent consumers as well as providing companies with payment solutions.
Diners Club International in the UK and Ireland has been issued by Affiniture Cards Limited since August 2012. The product solutions continue to cater for both Personal and Business customers.