Diners Club[R]: to launch Spanish Version of its Global Vision platform for Latin America users.

Diners Club[R] announces plans to launch the latest generation of Diners Club Global Vision[TM] this fall. Several major enhancements will improve delinquency reporting capabilities, report scheduler functionality and overall site navigation.

Upon release of the latest generation of Global Vision[TM], users will immediately notice that the pages load significantly faster and overall site navigation has been improved. Additionally, reports can now be scheduled to run on specific days and delinquency reports can run at the summary level. Changes have been incorporated to allow users to create and name their own report folders as well. The multi-language capabilities of Diners Club Global Vision[TM] will expand to include Spanish and French by late 2004.

Introduced in 1992, Diners Club Global Vision[TM] is an online MIS reporting tool that allows corporate card clients to effectively measure, analyze and leverage T&E spending on a local and global basis. Diners Club Global Vision[TM] is a critical component of an effective T&E management program and enables users to improve delinquency management, enforce policy compliance and gain leverage in vendor negotiations. Diners Club Global Vision[TM] includes more than 40 standard reports and allows users to create custom reports with access to over 500 distinct data items.

Global Vision[TM] is available for Latin America companies who want to be one step ahead in controlling expenses and increasing savings with vendor management.

In the US Seventy-five percent of small- to mid-sized companies need to streamline or automate their expense reimbursement process, but can't afford commercially available automated expense reporting programs. * Many of these companies are utilizing cumbersome and ineffective processes which often lack enterprise wide standards. Diners Club is specifically targeting these companies with its new Online Expense Reports tool offered through its Diners Club[R] Corporate Account Manager service beginning this fall.

In the United States, Diners Club Online Expense Reports provides small- to mid-sized companies a fast and simple approach to standardized and streamlined expense reporting. The tool features easy setup, pre-populated Diners Club expenses, a simple review and approval process, optional cash advance tracking and email notification when expense reports are submitted, approved or rejected. The result is lowered delinquency and quicker reimbursement to employees.

Online Expense Reports will be accessed through Corporate Account Manager, a one-stop, self-service web portal for Account Administrators and Corporate Cardmembers. It is available in multiple languages and customized according to the needs of each organization. It provides a single point of access for multiple services, from electronic MIS reports and online card applications to Diners Club On the Go[R] account alerts, electronic bill pay and online account maintenance activities. Most of these features will be offered in Latin America very soon.

As the card of choice for leading corporations, frequent travelers and affluent individuals around the world, Diners Club is a premier provider of innovative solutions to answer key travel management concerns, and delivers powerful information and data, unmatched service and award-winning rewards. Diners Club is a premium global brand with a rich heritage as the world's first charge card, and is issued today in more than 200 countries and 70 local currencies in Latin America.

If your company is interested in a demonstration of how Global Vision[TM] can help in managing your travel expenses, contact Ruben Salazar at telephone [phone].

* Source: Aberdeen, 2002