Alliance Data Systems Corp. and Reeds Jewelers, Inc. announced the signing of a seven-year agreement for Alliance Data to provide a full-service private label credit card program for Reedsâ 115-store chain. Reeds Jewelers, Inc. stores are located in 21 states primarily in the Southeast and Midwest section of the United States and operate under the names Reeds Jewelers, Mills Jewelers, and Reeds Jewelers Outlets.
Under the terms of the agreement, Alliance Data will provide a full-service private label credit card program that will include account acquisition and activation; receivables funding; card authorization and data capture; private label credit card issuance; payment processing; statement generation; and customer service.
âWe selected Alliance Data Systems to provide the critical services we need to build stronger relationships with our customers as well as to continue to stay competitive,â said Alan M. Zimmer, President and CEO, Reeds Jewelers, Inc. âBy implementing this private label program, we are giving our customers greater convenience and value while helping us grow our business and strengthen our balance sheet.â
âWe are excited about forming this business relationship with Reeds and are looking forward to delivering services that help them build critical market share and increased customer loyalty,â said Ivan Szeftel, president, retail credit services, Alliance Data Systems. âWith our retail heritage and strong industry experience, Alliance Data is confident about providing the solutions and services that fit Reedsâ specific and evolving needs.â
About Alliance Data Systems
Based in Dallas, Alliance Data Systems (NYSE: ADS) is a leading provider of transaction services, credit services and marketing services, assisting retail, petroleum, utility and financial services companies in managing the critical interactions between them and their customers. Alliance Data each year manages over 2.5 billion transactions and 72 million consumer accounts for some of North America’s most recognizable companies. The Company also operates and markets the largest coalition loyalty program in Canada. Alliance Data Systems employs over 6,500 associates at more than 20 locations in the United States, Canada and New Zealand. For more information about the company, visit its web site, [www.alliancedatasystems.com].
About Reeds Jewelers, Inc.
Based in Wilmington, NC, Reeds Jewelers, Inc. (ASE:RJI) is the 10th largest retail jewelry chain in the United States. It operates specialty retail stores primarily in enclosed regional malls located principally in the countryâs Sunbelt sections. For more information about the company, visit its web site, [www.Reeds.com].