BrandSource buying group adds TD Retail Card Services as financing partner

TD Bank’s Retail Card Services business signed a multiyear agreement with BrandSource to provide a private-label credit card program to its member stores, according to a Thursday announcement.

BrandSource’s network includes more than 4,500 locally-owned appliance, electronics, bedding, home furnishings and floor covering stores across the U.S.

Through the partnership, BrandSource member stores will have access to TD’s in-store and online waterfall application and sales processing platform, TD Complete, powered by Versatile Credit. The platform streamlines applications, authorization and settlement by providing a single interface to finalize transactions across a select group of premier lending partners. Additionally, the platform delivers reporting and analytics in real time, providing members with deeper insights into sales across participating lenders.

“As a member-owned organization, we’re focused on finding new ways to add value to our network of independent dealers,” said Jim Ristow, CEO, BrandSource. “We’re confident that TD’s competitive financing programs and robust digital solution will simplify the process for our members and help them connect with customers.”

“We’re excited to be working with BrandSource to meet the needs of their member stores,” said Mike Rittler, general manager of retail card services, personal lending and business development at Cherry Hill-based TD Bank. “Our approach is focused on working closely with our partners to deliver the market-driven insights and financing solutions that will help them reach their goals.”