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.
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.
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STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 21, 2005--Furthering its growth strategy, GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE:GE), today announced that it has entered into an agreement to purchase and manage the private label credit card assets of Belk, Inc., the nation's largest privately owned department store company. Belk operates 278 stores in 15 Southeast and Mid-Atlantic states under the names Belk, McRae's and Proffitt's.
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ST. PAUL, Minn.--(BUSINESS WIRE)--Nov. 8, 2005--Saxon Motorcycle Company, a manufacturer of quality custom choppers and pro street motorcycles, has announced a new consumer financing program in cooperation with GE Consumer Finance.
The FUNancing program will provide installment lending to Saxon's nationwide dealer network. Saxon customers will now have access to the competitive rates, attractive terms, and special promotions the FUNancing program offers.
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SHENZHEN, China--(BUSINESS WIRE)--Oct. 20, 2005--GE Consumer Finance ("GECF"), the global consumer lending unit of General Electric Company (NYSE: GE), and Shenzhen Development Bank (SZSE 000001, "SDB"), the first publicly traded bank in China, today announced that they have entered into a Strategic Cooperation Agreement to develop consumer finance opportunities in China.