Business Services Industry
GE, Wachovia to sell corporate cards.
Australasian Business Intelligence, September, 2006
Sep 11, 2006 (The Australian Financial Review - ABIX via COMTEX) -- A US joint venture will enter the corporate credit card market. General Electric and Wachovia Bank will sell MasterCard-branded credit cards to large and medium-sized companies. The accounts will be offered to Wachovia's business customers and will be sold, underwritten and owned by Wachovia. General Electric, which issues store-brand cards, will provide payment processing, fraud management and other back-office services. General Electric's consumer finance unit, GE Money, will replace Australasian head, Tom Gentile, with Mike Cutter.
Publication Date: 12 September 2006
GENERAL ELECTRIC COMPANY
WACHOVIA BANK
GE MONEY
MASTERCARD INTERNATIONAL INCORPORATED...
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