PLANO, Texas, May 25, 2017 /PRNewswire/ — Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, today announced its Columbus, Ohio-based card services business, a premier provider of branded private label, co-brand and commercial credit programs, and Signet Jewelers (NYSE: SIG), the largest specialty jewelry retailer in the U.S., signed an agreement under which Alliance Data will acquire prime-only credit quality accounts (balance weighted 700 FICO score) with a value of approximately $1 billion in receivables from Signet’s

Article source: https://www.gurufocus.com/news/524937/alliance-datas-card-services-business-and-signet-jewelers-announce-strategic-longterm-agreement-for-private-label-credit-card-services-agree-to-purchase-of-approximately-1-billion-primeonly-credit-quality-portion-of-signets-total-private-label-portf