NEW YORK—Citi and Mastercard have entered into new agreements to provide a credit card program for customers of the department store Dillard’s.
According to Electronic Payments International, Citi will purchase the existing Dillard’s credit card accounts. Meantime, Mastercard will serve as the exclusive payment network for co-branded cards offered under the new program.
The Dillard’s credit card program from Citi includes a new co-branded Mastercard as well as a private label credit card. The new co-branded Mastercard will replace the existing co-branded card. Additionally, Citi will provide customer service functions, Electronic Payments International said.
“We are truly pleased to announce this new relationship with Citi and Mastercard,” said Dillard’s President Alex Dillard. “Our customers expect and deserve the highest level of customer care at Dillard’s. That includes providing premium credit services. We are confident we have aligned ourselves with the best in the business to offer first-class credit choices. And exceptional cardholder experiences at Dillard’s for years to come.”
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