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TD Retail Card Services Launches L.J.C. Credit Card Program for Independent Retailers of Jewelry and Other Luxury Items

Posted on: Tuesday, 21 April 2009, 08:30 CDT

MAHWAH, N.J., April 21 /PRNewswire/ -- Following an initial launch in Canada in August 2008, TD Retail Card Services has introduced the L.J.C. Card program in the U.S. to independent retailers of luxury items.

Created for retailers of fine jewelry, apparel, leather goods, accessories, footwear, artworks, home furnishings, tabletop and other luxury items, the L.J.C. Card is a revolving private label consumer credit card that can be used for purchases of products or services at any merchant participating in the program. Merchants opening the individual consumer's account can have their store's name embossed on the card.

"Through economies of scale, the L.J.C. Card delivers many of the important advantages of a private label credit card to smaller retailers who may not generate the sales volume to justify a private label program of their own," said Marc Sczesnak, President of TD Retail Card Services.

More specifically, the L.J.C. Card program provides independent retailers with the ability to:

• Increase sales and long-term loyalty by giving customers the purchasing power to buy now and in the future.
• Drive traffic year-round with a wide range of special promotional offers and flexible financing options.
• Offer instant credit, with uncomplicated in-store applications processed in minutes.
• Process transactions instantly using TD Retail Card Services' secure online web services.
• Receive fast funding on completed transactions.
• Get quick assistance from TD Retail Card Services' operators, seven days a week.
• Market to their best customers through statement-stuffers or special direct mailings.

Retailers in the program will be able to offer their customers a variety of special financing options, including three-, six- and 12-month same-as-cash payment plans, as well as two additional low-APR programs. "Such options provide a distinct competitive advantage to luxury merchants selling high-ticket items," noted Mr. Sczesnak. "With the L.J.C. Card, consumers who may not want to put a high-ticket purchase on a bankcard, now have several attractive no- or low-cost financing options from which to choose."

The program will be promoted to customers through in-store signage and collateral materials provided by TD Retail Card Services. For further information on the L.J.C. Card program, visit www.tdrcs.com/jck.

About TD Retail Card Services

Based in Mahwah, N.J., TD Retail Card Services ranks among the nation's largest private label credit card companies. A division of TD Bank, N.A,, the company launches and administers new credit card portfolios for brick-and-mortar, internet and catalog merchants, and acquires retailers' existing credit card portfolios. For more information, visit www.TDRetailCardServices.com.

SOURCE TD Retail Card Services

Source: PR Newswire

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