Rick: |
Yes, more retailers are issuing co-branded cards. TSYS is
actively involved in helping them upgrade customers to
co-branded MasterCard or Visa cards that can be used
not only within their stores, but anywhere else the brand
is accepted. TSYS has helped major retailers like Sears,
Target and Nordstrom enjoy success doing this. However,
the majority of retail cards are still processed in house on
systems that are less flexible. That’s why retailers are looking
to TSYS, and why we are the largest processor for
retailers that manage their own card portfolios. We have
signed contracts with Charming Shoppes to process its
private-label Fashion Bug cards, and with DaimlerChrysler
Services North America LLC, to help it launch its new
Chrysler, Jeep® and Dodge RewardsTM Visa.
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