Alliance Data’s Card Services Business And Signet Jewelers Announce Strategic Long-Term Agreement For Private …

PLANO, Texas, May 25, 2017 /PRNewswire/ — Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, today announced its Columbus, Ohio-based card services business, a premier provider of branded private label, co-brand and commercial credit programs, and Signet Jewelers (NYSE: SIG), the largest specialty jewelry retailer in the U.S., signed an agreement under which Alliance Data will acquire prime-only credit quality accounts (balance weighted 700 FICO score) with a value of approximately $1 billion in receivables from Signet’s existing credit card portfolio. In addition, the two companies entered into a long-term agreement where Alliance Data will become the primary issuer of private-label credit cards and related marketing services for Signet, building on its existing relationship with Zale brands (including Zales and Piercing Pagoda). Alliance Data will

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