NEW YORK, STAMFORD, Conn. & LITTLE ROCK, Ark.--(BUSINESS WIRE)--March 20, 2006--GE Consumer Finance, Dillard's and American Express today announced the launch of the new Dillard's American Express Card. The Cards carry the Dillard's and American Express logos, and are accepted at Dillard's and the millions of merchants who accept American Express worldwide.
ST. PAUL, Minn.--(BUSINESS WIRE)--March 15, 2006--GE Consumer Finance's Retail Sales Finance unit today announced a new multi-year partnership with Polaris, to provide Polaris customers with installment financing for motorcycle, ATV, snowmobile and accessory purchases. The program, which aligns two leaders in the powersports industry, will launch nationwide on April 1 to the Polaris network of 1,500 independent dealers.
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STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 7, 2006--GE Consumer Finance today announced that GE Money, the Canadian consumer lending unit of General Electric Company (NYSE:GE) and Hudson's Bay Company (TSX: HBC), Canada's oldest company and largest department store retailer, have entered an acquisition agreement and 10-year alliance in which GE Money will purchase the private label credit card and related financial services assets of Hudson's Bay Company (Hbc).
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STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 6, 2006--GE Consumer Finance, the global consumer lending unit of General Electric Company, announced today the appointment of William H. Cary to president and CEO, GE Consumer Finance-Europe, effective March 1, 2006. He succeeds Dan O'Connor, who steps down after having lead Consumer Finance's largest and most profitable region since 1999. Cary will report directly to David R. Nissen, president and CEO of GE Consumer Finance.
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TAIPEI, Taiwan--(BUSINESS WIRE)--Jan. 23, 2006--GE Consumer Finance, the global consumer lending unit of the General Electric Company (NYSE: GE), announced today it has agreed to make a strategic investment in Cosmos Bank, a major banking and consumer finance player in Taiwan, forming a strategic alliance.
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BANGKOK, Thailand--(BUSINESS WIRE)--Jan. 4, 2006--GE Money announced today that its joint venture in India with State Bank of India - SBI Card - has reached the two million card customer milestone, making it a leading player in the highly competitive and fast-growing consumer finance market.
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SALT LAKE CITY--(BUSINESS WIRE)--Jan. 4, 2006--Cardholders and commercial card program administrators (PAs) will see added convenience, efficiency and control from a new feature released by GE's Corporate Payment Services unit. The new manual authorization feature in NetService leverages GE's patented pre authorization technology and will significantly reduce phone calls that cardholders and PAs make when dealing with transaction declines at the point of sale.
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RICHMOND, Va. & SALT LAKE CITY--(BUSINESS WIRE)--Dec. 5, 2005--Following an extensive market evaluation and request for proposal, the Commonwealth of Virginia (COV) is providing MasterCard(R) purchasing and travel cards to employees, agencies and other participants in its statewide card program. As of October 2005, Corporate Payment Services (CPS), the commercial card unit of GE Consumer Finance, supports the COV program.
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ST. PAUL, Minn.--(BUSINESS WIRE)--Nov. 29, 2005--GE's Retail Sales Finance unit, a leader in home improvement financing, has been selected to provide a new consumer credit program for Clockwork Home Services, parent company of Success Group International and provider of home services with more than 180 franchisees across the country.
Clockwork's new Royal Privilege Program is a private label credit card available to home services customers. According to the company, GE was selected for the speed and efficiency of its credit application process.
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ST. PAUL, Minn.--(BUSINESS WIRE)--Nov. 21, 2005--Hustler Turf Equipment, a pioneer in zero turn lawn mowing technology, has selected GE Consumer Finance's Retail Sales Finance unit to provide its new consumer credit program.
Beginning in January 2006, the Hustler Card program will be available at Hustler Turf Equipment dealers nationwide with a variety of financing options. Hustler is known as a leader in commercial grade lawn care equipment.