Allied Lumber has placed its private label credit card program under the direction of Shoppers Charge Accounts Co.. Under the terms of the agreement, the Mahwah, N.J.-headquartered SCA acquired the receivables in Allied’s portfolio and will administer all facets of the private label card program on an ongoing basis. Allied Lumber operates a single location in Ripley, Tenn., selling lumber, garden supplies, appliances and hardware.
SCA, which services independent, regional and national retailers throughout the U.S., acquires retailers’ receivables or will develop private label credit programs for merchants who currently don’t offer a house charge. In both situations, SCA assumes responsibility for generating customer billing statements; managing credit, collection and lockbox functions; and creating customized marketing programs. Ranked among the nation’s largest private label credit card companies, SCA is a division of Hudson United Bank, a subsidiary of Hudson United Bancorp (NYSE: HU).Details