Diners Club Peru Partners with BPC to Expand its Acquiring Network and Enhance Fraud Detection Technology
Switzerland/ Lima, Peru 18 July 2023:
BPC, the global leading payment solution provider, has announced that Diners Club Peru will continue to work with its commerce suite as part of its innovation program.
Diners Club Peru, a prestigious and exclusive financial services organisation, has announced a new partnership with BPC to strengthen its position in the Peruvian payment market. Established over 50 years ago, Diners Club Peru is the issuer of the Diners and Discover card brands dedicated to high-net-worth Peruvians. The company has issued over 270,000 cards and has an acquiring network of over 1,600,000 merchants.
As part of its ongoing commitment to providing top-quality services to its customers, Diners Club Peru has consolidated transactions of payment networks such as Nubiz and Izipay and will soon launch BBVA. The current process involves onboarding POS, configuring rules for clearance and settlement for each Network, processing transactions for those networks, and generating report files – with more than 1.6 million terminals configured and 120,000+ transactions processed daily.
The first phase of the partnership aimed to improve Diners Club Peru's current business line, which involves processing transactions for acquiring networks. BPC will work with Diners Club Peru to improve the process of uploading and onboarding merchants sent by the networks, enhancing efficiency and user-friendliness. Implementing the SmartVista Fraud system is the next step, strengthening the company's fraud detection technology and enabling Diners Club Peru to become an acquiring network.
Pio Rosell, CEO, Diners Club Perú, commented:
"This implementation has been a great effort to continue advancing in the market, which marks a new stage in the development of Diners Club Peru. Thank you very much for your support. This great achievement is worth celebrating. It has been 3.5 years of working together as a team. Now we are starting a new phase, and we will deliver more value to the payment system together, so we can continue to grow."
Santiago Egas, SVP at BPC, said:
"We are proud to have been chosen as Diners Club Peru's technology partner and to help them achieve their goals. Great work and efforts that were and are undeniably worth continuing to do together, with the aim of continuing to add victories that make a difference in Diners Club Peru's business in the country. Thank you all."
-ENDS-
Press Queries:
Georgia Hanias
Ecology Media
+44 (0) 7812 211 403
georgiahanias@ecologymedia.co.
About BPC:
Founded in 1996, BPC has transformed over the years to deliver innovative and best in class proven solutions which fit with today’s consumer lifestyle when banking, shopping or moving in both urban and rural areas, bridging real life and the digital world. With 350 customers across 100 countries globally, BPC collaborates with all ecosystem players ranging from tier one banks to neobanks, Payment Service Providers (PSPs) to large processors, ecommerce giants to start-up merchants, and government bodies to local hail riding companies. BPC’s SmartVista suite comprises cutting-edge banking, commerce and mobility solutions including digital banking, ATM & switching, payments processing, card and fraud management, financial inclusion, merchant portals, transport and smart cities solutions.
