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Citibank Unit Now Called Citi Commerce Solutions.


Business Editors

NEW YORK--(BUSINESS WIRE)--October 31, 2001

Citibank Cards announced today that the name of its private-label credit division has been changed to Citi Commerce Solutions.

The unit, a leading provider of retail private-label credit programs and commercial account processing services, had previously operated under the name Associates Commerce Solutions.

"Our new name clearly conveys that we are part of the Citi family, said Bill Johnson Bill Johnson may refer to:
  • Bill Johnson (jazz musician) (1874–1972), American jazz musician
  • Bill Johnson (entrepreneur) (1905-1962), First Importer of Triumph Motorcycles 1930's
  • Bill Johnson (skier) (born 1960), American skier
, General Manager, Citi Commerce Solutions. "Our clients, employees and vendors now can share in the recognition that comes from this strong brand identity backed by one of the world's leading financial service providers. As Associates Commerce Solutions, we became one of the industry's leading providers of retail private-label credit programs. We're proud of that and believe our new name recognizes our past accomplishments while we look forward to continued growth."

Citi Commerce Solutions was founded in 1985 as SPS (Standby Power System) A UPS system that switches to battery backup upon detection of power failure. See UPS.

SPS - Symbolic Programming System. Assembly language for IBM 1620.
 Payment Systems, a division of Sears, Roebuck and Co. In 1989 the company became part of Dean Witter Dean Witter may refer to:
  • Dean G. Witter (businessman, Co-founder of Dean Witter & Company)
  • Dean Witter Reynolds (brokerage firm, now known as Morgan Stanley)
 Discover. In late 1998, the company was sold to Associates First Capital Corporation, which was acquired by Citigroup in late 2000.

Citi Commerce Solutions' clients include some of the largest, best-known merchants in the world, including RadioShack, Staples, Goodyear, Texaco, Gateway, BP Amoco, Office Depot Office Depot (NYSE: ODP) is one of the world's leading suppliers of office products and services. The Company's selection of brand name office supplies includes business machines, computers, computer software and office furniture, while its business services encompass copying, , OfficeMax, Dell Computer, Shell, Zales and Citgo.

Citigroup (NYSE NYSE

See: New York Stock Exchange
: C), the preeminent global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 company with some 190 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Banamex, and Travelers. Additional information may be found at: www.citigroup.com/
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 31, 2001
Words:293
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