TD to provide private-label financing for BrandSource’s nationwide network of member stores
TD Bank’s Retail Card Services business recently announced that it has signed a multi-year agreement with BrandSource to provide a private-label credit card program to its member stores. BrandSource’s network includes more than 4,500 locally-owned appliance, electronics, bedding, home furnishings and floor covering stores across the U.S.
Partnership Details – What do BrandSource members gain access to?
Through the partnership, BrandSource member stores will have access to TD’s innovative in-store and online waterfall application and sales processing platform, TD Complete, powered by Versatile Credit. The platform streamlines applications, authorization and settlement by providing a single interface to finalize transactions across a select group of premier lending partners. Additionally, the platform delivers reporting and analytics in real time, providing members with deeper insights into sales across participating lenders.
“As a member-owned organization, we’re focused on finding new ways to add value to our network of independent dealers,” said Jim Ristow, CEO, BrandSource. “We’re confident that TD’s competitive financing programs and robust digital solution will simplify the process for our members and help them connect with customers.”
“We’re excited to be working with BrandSource to meet the needs of their member stores,” said Mike Rittler, General Manager of Retail Card Services, Personal Lending, and Business Development at TD Bank. “Our approach is focused on working closely with our partners to deliver the market-driven insights and financing solutions that will help them reach their goals.”
BrandSource is the leading member-owned buying organization for independent appliance, home furnishings and consumer tech retailers. Its parent company, AVB, is a $22 billion member-driven co-op that provides merchandising, financing, digital marketing, and operational services to more than 4,500 independent dealers in the U.S. and Canada. BrandSource’s affiliates include ProSource (consumer tech and custom integration); TRIB Group (rent-to-own); and Mega Group/BrandSource Canada.
About TD Bank
TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 9.6 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J.
TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”.