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GE renews label credit card program with JCP
Nov '09
GE Capital Retail Consumer Finance, a consumer lending unit of General Electric Company, announced a four year renewal of its private label credit card program with leading national retailer J.C. Penney Company, Inc.

The program provides vital credit to millions of consumers who shop at more than 1,100 JCPenney stores in communities across the United States and Puerto Rico as well as through its catalog.

“GE Money Bank has made credit available for millions of JCPenney customers during these tough economic times, and we look forward to continuing to work together to provide value and service for our customers,” said Thomas Clerkin, senior vice president of finance for JCPenney.

The JCPenney consumer card program provides cardholders with added-value, convenience and security, including:

• Exclusive savings events and financing offers
• Added member benefits in the JCPenney Rewards Program
• Low monthly payments
• Access to account information and ability to make payments online
• Ability to make payment on account in any JCPenney store and online for no charge
• Fraud protection with zero fraud liability for unauthorized use
• No annual fee

“We are excited to extend what has been a very successful 10-year relationship with JCPenney for an additional four years and continue to provide credit and valuable benefits to consumers. We look forward to working with the entire JCPenney team to help serve millions of customers across America,” said Margaret Keane, president and CEO of GE Capital Retail Consumer Finance.

GE Capital Retail Consumer Finance is one of the most successful retail credit providers with more than $30 billion in assets and over 40 million account holders. The business unit provides private label credit card programs, bankcards, and financial services for consumers – retail-branded through its retail partners. It is part of General Electric Company's GE Capital division, which has more than $550 billion in assets and over 130 million customers in 55 countries. Since the start of 2008 through June 30 of this year, GE Capital has extended more than $127 billion of credit to some 50 million consumers in the United States.

GE Commercial Finance

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