Card Services Segment News Today

Alliance Data to Separate Card Services and Loyalty Businesses - The Company concludes comprehensive review of strategic alternatives; announces plan for tax-free spinoff of LoyaltyOne® segment with separation expected by year-end 2021 - Transaction expected to strengthen Alliance Datas balance sheet and improve key ratios - Separation consistent with Alliance Datas strategic focus as a leading payment and lending solutions business - Planned spinoff expected to unlock growth potential for Loy...