Atlanta, Ga. Citi Retail Services, a leading provider of commercial credit card products, services and solutions to North American retailers, announced today a long-term extension of its successful 22-year credit relationship with Staples, the world's largest office products company and second largest Internet retailer.
"We are proud to collaborate with the Staples team on their strategic growth opportunities and to pursue them aggressively together," said Leslie McNamara, executive vice president, Partner Management, Citi Retail Services. "Staples' strategy of providing customers with valuable products and services while deepening and enriching their customer relationships aligns perfectly with our own client and customer philosophy."
Under the agreement, Citi Retail Services will continue to provide processing services and customer service support for all of Staples' private label credit card programs. Staples offers three private label credit programs to meet the needs of businesses and organizations of all sizes, as well as individual consumers: The Staples Business Credit Account with Revolving Terms, the Staples Commercial Billing Account with Net Pay terms, and the Staples Personal Credit Account. Each credit program has no annual fee, and can be used for purchases at Staples stores, by catalog and online at Staples.com.
McNamara added, "In the spirit of innovation, we also look forward to deepening our relationship with Staples with our comprehensive, service-enhancing solutions and analytics."
Citi and Citi Retail Services:
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Citi Retail Services is a leading provider of consumer and commercial credit card products, both private label and co-branded, to national and regional retailers and their customers across the U.S. The business also provides retail industry expertise, including transaction data analytics, and fully integrated marketing and loyalty programs. The business services millions of accounts for a number of iconic brands, including ExxonMobil, Macy's, Sears, Shell, and The Home Depot.
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