TITLE

More Card Issuers Buy up Retail Credit Card Portfolios

AUTHOR(S)
LOwe, Frederick H.
PUB. DATE
May 2006
SOURCE
Cards & Payments;May2006, Vol. 19 Issue 5, p42
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the significant increase of retail credit card portfolios buy up in the U.S. The J.P. Morgan Chase & Co. has acquired the $2.1 billion private-label and MasterCard cobranded card portfolios of Sears Canada Inc. Citigroup Inc. has agreed to buy the card receivables of Federated Department Stores Inc. portfolio which include a propriety card program and a cobranded Visa.
ACCESSION #
21490030

 

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