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The Bank originates and funds primarily consumer and commercial (small to medium size business) private-label (closed-loop network) and bank card (i.e. MasterCard/Visa) programs. The following is a high-level breakdown of product offerings that are supported by the Bank:
Private-Label: Customized private-label financing programs that are branded for a specific retailer, manufacturer, dealer channel, or proprietary network.
Bank Card: Branded products under the Bank's principal bank card association membership. The bank card products are open-loop and can be utilized to purchase goods and services at participating merchants that accept the association's network (i.e. MasterCard Worldwide Network).
Alternative Payment Products: The Strategic Partnership Group structures and originates alternative financing products that traditionally do not fall within the Private-Label or Bank Card definitions.