Alliance Data announces agreements with PayPal

Alliance Data (ADS) announced its Retail Services business has come to multiple agreements with PayPal, an eBay (EBAY) subsidiary. Under a multi-year agreement with PayPal, Alliance Data will become an issuer for Bill Me Later credit products and will maintain a partial interest in the receivables generated under the program. Additionally, Alliance Data and PayPal have agreed to collaborate to support PayPal's offline expansion, which is enabling PayPal to be accepted in more physical merchant locations across the U.S. Alliance Data's private label partners – which include many top-tier specialty retailers – will have the opportunity to begin adding their branded card programs into PayPal in early 2014.

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