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Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1950, Diners Club issued its first credit cards.
Where The Market Was: The Dow finished the day at 217.61. The S&P 500 traded at 18.18.
What Else Was Going On In The World? In 1950, North Korea’s invasion of South Korea marked the beginning of the Korean War. The first “Peanuts” comic strip was published by featuring classic character Charlie Brown. The average price of a new house was $8,450.
The Launch Of Travel And Entertainment Credit Cards: The Diners Club credit card launch was relatively modest. The company began by offering cards to just 200 people, most of which were friends and family of employees. The first card was accepted in just 14 restaurants around New York.
Flywire partners with Discover on global education payments
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India reaffirms independent foreign policy approach in recent weeks
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Indian officials worked overtime to ensure that the USA provided with waiver for vaccine patents and also allowed vaccines to be shared with India even as shipments continued to arrive here from the USA with assistance to fight Covid.
Agencies
The waiver for vaccine patent was achieved after huge efforts led by Indian diplomats and ably backed by the South African Embassy in Washington DC.
India’s independent world view has been reaffirmed in the recent days with the fact that while it has worked closely with the USA on medical supplies to fight Covid it has not shied away from steps against US financial firms for violating local laws.
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Flywire and Discover on global education payments 06 May 2021
Source: Flywire Flywire and Discover announced a new partnership that provides students and schools around the world with digital options for education payments.
For the first time, students and their families will be able to use their Discover, Diners Club International and network alliance cards to pay tuition and fees at more than 2,000 education institutions around the world that offer Flywire for international education payments.
As the cost of tuition continues to rise, and more education institutions compete for international students, schools are trying to modernize their systems and provide a better payment experience. The partnership between Flywire and Discover solves both sides of the payment equation, providing s
Imagindia calls on RBI to delay ban on Amex, Diners Club
By IANS |
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Reserve Bank of India (RBI). (File Photo: IANS). Image Source: IANS News
New Delhi, April 28 : Independent think-tank Imagindia Institute has called upon the Reserve Bank to delay the ban on Amex, Diners Club.
Recently, the RBI ruled to impose a ban on American Express Co and Diners Club International from issuing new cards in India.
The order will take effect on May 1.
Accordingly, both the companies have been found non-compliant with India s data-storage rules, announced in 2018, which order payment systems providers to store all data generated by them on servers in India, and will be restricted from adding new customers to their card networks from May 1.
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