LAKEWOOD, Colo.--(BUSINESS WIRE)--March 22, 2005--Driven by 32 percent growth in service contract volume and strong underwriting results, GE Auto Warranty Services (AWS) delivered record results for 2004. Continued growth in existing accounts, significant new account growth attracted to our industry leading technology, service and participation programs, and the addition of three new strategic partners produced solid growth for the company in 2004, says Jim Slavik, president, GE AWS.
STAMFORD, Conn.--(BUSINESS WIRE)--March 15, 2005
Wal-Mart (NYSE:WMT) and GE Consumer Finance (NYSE:GE) are launching two new credit cards on the Discover(R) Network -- one for business members of SAM'S CLUB and one for consumers. T
he new SAM'S CLUB(R) DISCOVER(R) will be available in all 552 SAM'S CLUB locations in April. Both cards offer members even more ways to save, and are issued by GE Consumer Finance.
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DALLAS--(BUSINESS WIRE)--Feb. 15, 2005
CashWorks, Inc., a GE Consumer Finance company and leading provider of automated check-cashing and prepaid solutions, announced today it has reached an agreement to roll out its proprietary system to 430 Kum & Go Convenience Stores in 13 Midwestern and Western states.
The addition of the Kum & Go chain has pushed the number of CashWorks locations to more than 3,500, with an annualized growth rate of close to 300 percent.
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BENTONVILLE, Ark.--(BUSINESS WIRE)--Nov. 11, 2004--SAM'S CLUB announced today it is launching the new Business All-In-One Card, combining the buying power of membership and credit into a single card. The new card will be offered to SAM'S CLUB Business Members and Business Plus Members throughout the U.S.
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MOSCOW--(BUSINESS WIRE)--Nov. 9, 2004--GE Consumer Finance (GECF), the global consumer lending unit of General Electric Company
(NYSE:GE), today announced that it has completed its acquisition of DeltaBank, a Moscow-based Russian consumer bank. As previously announced GECF agreed to purchase DeltaBank from its majority shareholders, Delta Russia Fund and The U.S.-Russia Investment Fund, both managed by Delta Private Equity Partners. The purchase was subject to regulatory approvals, which have now been received.
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STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 14, 2004--GE Consumer Finance-Americas announced today it has established the Specialty Retail Group to support the unique financing and marketing needs of growing, mid-size retailers.
The new business unit is part of GE Consumer Finance's Retail Consumer Finance division, which provides retail credit card services to major retailers in the United States and Canada.
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STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 5, 2004--GE Consumer Finance, one of the world's leading consumer lenders, today announced it has signed a multi-year agreement to extend its retail credit card program with The Men's Wearhouse, a leading men's apparel retailer in the United States.
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SALT LAKE CITY--(BUSINESS WIRE)--Aug. 20, 2004--GE Corporate Payment Services' SAM(TM) System Supports Sophisticated Accounting Needs Drawing on more than 12 years of experience serving some of the world's largest and most demanding commercial card customers, GE Corporate Payment Services has released a new advanced reporting system.
The SAM(TM) system - short for Strategic Account Management - supports the real-time management of purchasing, travel and other corporate card and e-settlement programs.