Troutmanâs Emporium has selected Shoppers Charge Accounts Co. to operate its private label credit card program. Under terms of the agreement, the Mahwah, N.J.-headquartered SCA has acquired the receivables in Troutmanâs portfolio and will administer all facets of the chainâs credit card program on an ongoing basis. Headquartered in Eugene, Ore., Troutmanâs operates over 30 department stores in Oregon, Washington, Idaho, northern Nevada and northern California. Locations range in size from 40,000 square feet to 60,000 square feet and sell apparel, cosmetics, giftware, jewelry, accessories and other general merchandise. Troutmanâs was ranked 26th nationally last June by The Nilson Report newsletter among retailers that own their store card receivables.
SCA services brick-and-mortar and catalog retailers throughout the U.S., along with their e-commerce operations. The company acquires retailersâ receivables or will develop private label credit card programs for merchants who currently donât offer a house charge. In both situations, SCA assumes responsibility for generating customersâ billing statements; managing credit, collection, and lockbox functions; and creating customized marketing programs. Ranked among the nationâs largest private label credit card companies, SCA is a division of Hudson United Bank, a subsidiary of Hudson United Bancorp (NYSE: HU). Hudson United Bancorp is a $6.7 billion asset company with over 200 branch offices in New Jersey, Connecticut, New York, and Pennsylvania. Hudson United Bancorpâs subsidiaries offer a full array of innovative products and services to commercial and retail accounts, including imaged checking accounts, 24-hour telephone and Internet banking, loans by phone, alternative investment products, insurance products, private label credit cards programs and a wide variety of commercial loans and services including asset based loans, SBA loans, international services and cash management services. Wealth management services are also provided to individuals and businesses. Public sector products and services are provided to local and state governments, municipalities, educational institutions, civic and not-for-profit organizations.Details