GE Consumer Finance Teams up with eBay Inc. to Introduce PayPal Plus Credit Card; Plus Card is the First Offering in a New Multi-Year, Exclusive Credit Card Agreement with eBay And PayPal.STAMFORD Stamford, town, England Stamford, town (1991 pop. 18,127), in the Parts of Kesteven, Lincolnshire, E central England, on the Welland River. It is a market town. Products include diesel engines, electrical equipment, bricks, and tiles. , Conn. -- GE Consumer Finance, a unit of General Electric Company (NYSE NYSE See: New York Stock Exchange :GE), today announced a relationship with eBay Inc. and PayPal Inc. to launch the new PayPal(R) Plus Credit Card, a MasterCard credit card featuring an exciting new rewards program exclusive for PayPal users. Additionally, PayPal Plus customers receive extended purchase protection for purchases made via the PayPal Web site, access to special financing offers, and the convenience of integrated online account management and alerts. The new Plus Card is an expansion of the relationship originally created in June 2004 for GE to offer PayPal Buyer Credit, a private label, revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. line available to registered PayPal customers. The PayPal Plus Credit Card is part of a new multi-year credit agreement in which GE Consumer Finance also plans to launch an eBay branded credit card. PayPal users can apply for the PayPal Plus Credit Card at https://www.paypal.com, and successful applicants will receive for a limited time a special introductory rate of zero percent interest on purchases and balance transfers until January 2007. Cardholders will also have exclusive access to ongoing special promotional financing offers from sellers on eBay, including deferred interest and no payments for a specific period of time, by simply paying with PayPal Plus. PayPal Plus customers will benefit from a new rewards program, earning one Reward Point for every $1 spent in purchases. And PayPal Plus Reward Points are also earned with offline, everyday purchases wherever MasterCard is accepted. For every 2,500 points earned, customers will receive a coupon for $25 towards eBay.com purchases made with PayPal. Customers will also receive several additional benefits through MasterCard, including Platinum benefits for extra protection, cash access, and the option to link PayPal Plus to the PayPal Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. as a backup funding source. Under the new agreement, eBay will provide promotional support of the new PayPal Plus Credit Card through the eBay Web site. GE Money Bank will be responsible for issuing the PayPal Plus Credit Card, and providing customer service, billing and credit management. "The new PayPal Plus Credit Card is a natural extension of the partnership between three great worldwide companies offering rewards, security and convenience," said Margaret Keane Margaret Keane(born 1927) is an American artist. She is an illustrator and painter, and mainly draws women and children in oil or mixed media. Her works are instantly recognizable (although often imitated) from the doe-eyed children that are depicted in the drawings. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of GE Consumer Finance's Retail Consumer Finance unit. "With PayPal Plus, shoppers can apply and buy with an instant online credit process. There's no waiting for a card in the mail to make your PayPal purchases. Now, shoppers can also earn rewards by using their PayPal Plus Credit Cards anywhere MasterCard is accepted." "We believe PayPal users will enjoy the benefits of the PayPal Plus Card, including the extensive rewards program, special promotional financing, as well as the safety and security customers have come to expect from PayPal," said Chris George Christopher Coleman George (Born September 16, 1979 in Houston, Texas) is a baseball pitcher currently playing with the Kansas City Royals. He has a career ERA of 6.48. Sources
About GE Consumer Finance With $163 billion in assets, GE Consumer Finance, a unit of General Electric Company (NYSE:GE), is a leading provider of credit services to consumers, retailers and auto dealers in 50 countries around the world. GE Consumer Finance, based in Stamford, Conn., offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards A Purchasing Card is a form of company credit card that allows goods and services to be procured without utilising a traditional purchasing process. Purchasing Cards are usually issued to employees who are required to operate within a set of company rules and guidelines which , debt consolidation and home equity loans and credit insurance. More information can be found online at www.geconsumerfinance.com. GE (NYSE: GE) is Imagination at Work -- a diversified diversified (di·verˑ·s technology, media and 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 focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, , GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com. |
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