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U.S. Bank Purchases Kroger Credit Portfolio

CINCINNATI — Kroger here said it would expand a strategic alliance with U.S. Bancorp, the Minneapolis banking firm that on Wednesday said it had purchased Kroger’s credit card portfolio from RBS Citizens.

Jon Springer, Executive Editor

June 9, 2010

1 Min Read
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JON SPRINGER

CINCINNATI — Kroger here said it would expand a strategic alliance with U.S. Bancorp, the Minneapolis banking firm that on Wednesday said it had purchased Kroger’s credit card portfolio from RBS Citizens.

U.S. Bancorp, operator of U.S. Bank, said it would offer additional financial services to Kroger customers, including new payment systems. U.S. Bank currently operates nearly 192 in-store banks at Kroger stores.

Kroger, through its Kroger Personal Finance subsidiary, offers credit cards, gift cards and prepaid cards through partnerships from preferred providers.

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About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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