EedenBull and Diners Club International Sign Partnership Agreement to Drive Innovation in B2B Payments

  • E-Commerce , Payments
  • 19.10.2021 02:00 pm

Today, EedenBull, the leading fintech specialising in B2B commercial payments technology and Diners Club International, a global payment services company owned by Discover Financial Services, have announced a strategic partnership aimed at further leveraging the vast untapped opportunities in this space.

Through this strategic partnership agreement, EedenBull customer banks can now integrate Diners Club International into their card issuing options, offering market leading travel and entertainment and B2B payment solutions to their customers. This partnership comes at a time when banks find it increasingly challenging to justify internal development of and investment in digital commercial issuing capabilities, thus making the EedenBull "Commercial Payments-as-a-Service" (CPaaS) model an efficient and competitive option.

The partnership pairs EedenBull's technology and bank partner network with the broad global reach of Diners Club International, bringing market leading payments and spend management technology to the network. EedenBull's fast-growing network of banking partners will also benefit from reduced complexity, lower costs, and an enhanced user experience for their business and corporate customers.
The integration demonstrates EedenBull's commitment to driving the modernization of the B2B commercial payment ecosystem. It marks the next step in its mission for delivering deep payment expertise and cutting-edge technology to banks worldwide.
Nicki Bisgaard, CEO and Co-Founder of EedenBull, said: "As the global business world begins to engage with international travel again, it is vitally important for companies to have efficient and effective management of spend and expenses. Our new agreement allows banks to offer payment solutions associated with Diners Club International alongside the market leading technology of EedenBull."
He continues: "EedenBull is delighted to be working with Diners Club International and is looking to broaden our integration to the advantage of both companies and our mutual customers internationally."
"EedenBull is a leader in the space of Commercial Payments-as-a-Service, and we see many new opportunities for us to jointly help banks launch and digitize their commercial products offering," said Matt Sloan, Vice President International Markets at Diners Club International. "The ever-increasing regulation and technical complexity, as well as other priorities within banks, makes the EedenBull and Diners Club International offering very attractive for bank customers of all sizes."
Diners Club International, part of the Discover Global Network, is a global payments network that is accepted at nearly 40 million merchant locations and 1.3 million ATMs in more than 200 countries and territories. The Discover Global Network includes Discover Network, Diners Club International, PULSE and more than 20 alliance partner networks across the globe.

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