STAMFORD, Conn. & HOUSTON–(BUSINESS WIRE)–GE Basic Retail Bank today appear a definitive, multi-year acceding with Phillips 66 (NYSE:PSX), an activity accomplishment and acumen company, to accommodate clandestine characterization acclaim agenda programs for chump and bartering barter nationwide. GE Basic Retail Finance, which provides chump costs solutions to merchants to advice abound their chump sales, will administer the Phillips 66 accord and annual the account.
The new Phillips 66 acclaim agenda affairs and promotions barrage August 1, 2013, and accommodate a clandestine characterization acclaim agenda for consumers and a branded business revolving allegation agenda for bartering customers. The branded chump acclaim agenda program, which includes the Phillips 66® Claimed Card, Conoco® Claimed Agenda and 76® Claimed Card, will accommodate chump cardholders with allowances and convenience, as able-bodied as the befalling to access rewards for condoning ammunition purchases fabricated at any of the 8,000 apart endemic Phillips 66, Conoco, 76 and Phillips 66 Accepted Aerodynamics locations nationwide.
The Phillips 66, Conoco and 76 business revolving allegation affairs is nationally accustomed and provides avant-garde annual management, enabling bartering cardholders to clue ammunition expenses, auto repairs, agent washes, and accessibility abundance purchases.
“We’re admiring to assignment with GE Capital’s able and accomplished aggregation to accompany our barter the accessibility of a committed acclaim agenda to use for all of their purchases at our branded locations,” said Andy Viens, admiral of Global Marketing at Phillips 66.
GE Capital’s Retail Accounts business works with oil and gas retailers to accommodate banking solutions to their end barter that advice body business. As allotment of the agreement, GE Basic Retail Bank will access the absolute agenda affairs assets from Citibank. Banking agreement were not disclosed.
“We are aflame to body this accord with Phillips 66 and attending advanced to alive with the 8,000 branded locations in their arrangement to accommodate admired costs solutions for their customers,” said Margaret Keane, CEO and admiral of GE Basic Retail Finance. “The transaction, which bankrupt June 28, 2013, will abound GE Capital’s cogent attendance in the oil and gas segment, with a admired provider of ammunition articles for over a century.”
About U.S. Marketing at Phillips 66
Built on added than 130 years of experience, Phillips 66 is a growing activity accomplishment and acumen aggregation with high-performing Midstream, Chemicals, Refining, and Marketing and Specialties businesses. This assorted portfolio enables Phillips 66 to abduction opportunities in a alteration activity landscape. Headquartered in Houston, the aggregation has 13,500 advisers who are committed to operating arete and safety. With added than 8,000 retail ammunition sites and accepted aerodynamics locations, its U.S. Marketing business food TOP TIER® Detergent Gasolines beneath the Phillips 66®, 76® and Conoco® brands. The Phillips 66 brand, with its characteristic absorber icon, has been confined the needs of the motoring accessible back 1927. With its iconic red ball, the 76 cast provides TOP TIER Detergent Gasolines that are awash at added than 1,900 retail ammunition sites on the West Coast. For added than 100 years, the Conoco cast has been accouterment high-performance petroleum articles to added than 2,400 retail ammunition sites. Phillips 66 Aerodynamics markets and distributes its aerodynamics ammunition beneath the well-recognized Phillips 66® Wings logo. For added information, appointment Phillips 66’s U.S. Chump Brands webpage.
About GE Capital’s Retail Accounts business
GE Capital’s Retail Accounts business is amid the country’s best acknowledged retail lenders, with 80 years of acquaintance in chump financing. The business, with its lending entity, GE Basic Retail Bank, provides customized acclaim programs to retailers and consumers in the United States and Canada that advice drive sales. This includes clandestine characterization and bankcard acclaim programs to above national, bounded and absolute retailers in the U.S., as able-bodied as clandestine characterization acclaim programs, promotional and chapter lending, bankcards and banking casework for consumers through dealers; contractors; manufacturers; healthcare practices; and annual providers beyond about 20 industries. We are not aloof bankers; we advice audience body bigger businesses. Added advice can be begin at www.gogecapital.com and twitter.com/GoGECapital.
GE Basic is one of the world’s better providers of credit. For over one actor businesses, ample and small, GE Basic provides costs to purchase, charter and administer equipment, as able-bodied as basic for absolute acreage and accumulated acquisitions, refinancings and restructurings. For our 100 actor chump customers, GE Basic offers acclaim cards, sales accounts programs, home, car and claimed loans and acclaim insurance. For added information, appointment www.gecapital.com or chase aggregation account via Cheep @GECapital.
GE (NYSE: GE) works on things that matter. The best bodies and the best technologies demography on the toughest challenges. Finding solutions in energy, bloom and home, busline and finance. Building, powering, affective and abating the world. Not aloof imagining. Doing. GE works. For added information, appointment the company’s website at www.ge.com.
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