Diners Club, a business unit of Discover, and Industrial and Commercial Bank of China (ICBC), the largest credit card issuer in China, have announced plans to bring the first full Diners Club International franchise to China.

“As the world’s largest card market with 3.1 billion cards in circulation, China is critically important to us as we continue to expand our global footprint,” said Diane Offereins, EVP and President of Payment Services at Discover Financial Services. “ICBC’s well-respected brand, successful banking operations and significant influence in China make them an attractive partner for us, and we believe their customers will benefit from the international network and services that Diners Club provides.”

ICBC will be responsible for both developing the Diners Club brand in China and running an issuing and acquiring business.

On the web:

• Paydiant Raises $12M For White Label Mobile Payment Platform - GigaOM
• Sexy Payments Startup Stripe Swipes $20M In Funding - TechCrunch
• Dual Diners Club + World Mastercard Charge Card Launched in Australia - Datamonitor
• Can Clouds And Contactless Chips Coexist? - Portals and Rails
• Facebook wants to be your online bank - Fortune Tech

On the wires:

• Chase Launches Reloadable Card – Chase Liquid
• British Airways Checks in for Enhanced Fraud Prevention from Accertify

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