April 19, 2014 2:18 PM ET

Consumer Finance

Company Overview of GE Capital Retail Bank

Company Overview

GE Capital Retail Bank provides retail banking and credit services to consumers, businesses, merchants, and retailers in the United States and internationally. It offers retail sales finance, such as private label credit card programs, installment lending, bankcards, and financial services for consumers, retailers, manufacturers, and health-care providers, as well as offers financing programs to dealers, retailers, associations, contractors, and service providers. The company also provides retail consumer financing solutions, such as private label credit cards, dual card, flex loans, and all-tender loyalty and gift cards; and business credit services, including business process outsourcing o...

170 West Election Road

Suite 125

Draper, UT 84020

United States

Founded in 1988

Phone:

801-816-4778

Fax:

801-816-4770

Key Executives for GE Capital Retail Bank

Chief Executive Officer
Age: 54
President and Chief Executive Officer of Europe
Age: 53
Chief Executive Officer for Americas
Age: 44
Chief Executive of Retail Sales Finance -Americas and President of Retail Sales Finance -Americas
Age: 57
Chief Executive Officer of GE Money Asia and President of GE Money Asia
Age: 61
Compensation as of Fiscal Year 2013.

GE Capital Retail Bank Key Developments

Sam's Club Extends Agreement with GE Capital Retail Bank

Sam's Club has finalized a multi-year agreement with GE Capital Retail Bank to extend their existing relationship and to provide Sam's Club-branded credit cards to club members in the US and Puerto Rico. As part of the extension, GE Capital's Retail Finance business will continue to manage and service the credit card programs for Sam's Club Savings, Business and Plus members. Under the agreement, the Sam's Club co-branded credit card programs will be converted to MasterCard later this year, providing members with a broader card acceptance network, as well as more robust features and benefits. Walmart has also extended their relationship with GE Capital Retail Bank and branded cards will transition to MasterCard later this year. GE Capital's Retail Finance began its relationship with Sam's Club in 1993, providing credit programs for business members; adding revolving credit programs for Sam's Club consumer members in 1995; and currently offering Sam's Club private-label credit card programs and co-branded cards for Savings, Business and Plus members all of which double as membership cards. Member credit cardholders enjoy a range of benefits (subject to credit approval), including cash back on every day purchases for the co-branded card, in-club cash access, photo protection, online account management, one card convenience, special financing promotions, and savings opportunities and events.

GE Capital Retail Bank and American Eagle Outfitters, Inc. Extend Long-Term Consumer Financing Program

GE Capital Retail Bank announced a long-term extension of its agreement with American Eagle Outfitters Inc. to continue providing private label credit card programs for online, mobile app, and store purchases made at any of the 856 American Eagle Outfitter and 115 Aerie locations across the U.S. As part of the seven-year agreement, GE Capital's Retail Finance business will continue to manage the American Eagle Outfitters credit card program, which began in 1996. Customers can use their American Eagle Outfitters(R) and Aerie(R) credit cards at 856 American Eagle Outfitter and 115 Aerie stores in the U.S. They can apply for the credit cards in-store, online and on their mobile devices and can manage their accounts from their mobile devices and from the American Eagle Outfitters mobile app. Cardholders can earn a 15% new account discount, $10 Extra Savings coupons, and access to four exclusive cardholder events a year. In addition, cardholders can also earn AERewards program discounts.

GE Capital Retail Bank Extends Consumer Financing Agreement with Ashley Homestores

GE Capital Retail Bank announced that it extended its agreement with Ashley Furniture HomeStores. GE Capital's Retail Finance announced that under the multi-year agreement, it will continue to provide and manage consumer financing through the 480 Ashley Furniture HomeStores in the US and Puerto Rico, adding that it will also continue to manage the consumer credit card programme which was introduced in 2011, this programme offers approved cardholders special financing with convenient monthly payments, as well as exclusive discounts and online account management.

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