Citi Retail Services Signs Long-Term Credit Card Agreement with Kawasaki
January 17 2017 - 10:00AM
Business Wire
Citi Retail Services will now provide consumer
private label services to Kawasaki
Citi Retail Services today announced a long-term agreement with
Kawasaki Motors Corp., U.S.A., to provide a private label credit
card program in the United States.
Kawasaki Motors Corp., U.S.A. (KMC) markets and distributes
Kawasaki motorcycles, ATVs, side x sides, and Jet Ski® watercraft
through a network of approximately 1,100 independent retailers,
with close to an additional 7,700 retailers specializing in general
purpose engines. KMC and its affiliates employ nearly 3,100 people
in the United States, with approximately 260 of them located at
KMC's Foothill Ranch, California headquarters. Citi Retail Services
is one of North America’s largest and most experienced retail
credit solution providers with the partnership leveraging Citi
Retail Service’s expertise in dealer network programs.
The new program will provide financing options for Kawasaki
vehicles, including motorcycles, ATVs, side x side vehicles and Jet
Ski® watercraft, as well as accessories and apparel. Additionally,
with Citi Retail Services support dealers will now be able to offer
more flexible financing terms to customers. Kawasaki’s program with
Citi Retail Services begins on February 1st and customers will be
able to apply for credit through an authorized Kawasaki
dealership.
“This new agreement with Kawasaki is a strong addition to our
powersports and equipment platform,” said Craig Vallorano, Head of
Citi Retail Services. “We are excited to work with Kawasaki, and we
look forward to furthering our leadership in the dealer network
distribution market space.”
“Kawasaki is always striving to offer our customers the best
product on the market,” said Bill Jenkins, Senior Vice President,
Sales Operations at Kawasaki Motors Corp., U.S.A. “This new Citi
Retail Services agreement is a great way to provide more consumer
finance options for current and future Kawasaki customers to be
able to enjoy our products. We look forward to working with Citi
Retail Services and introducing them to Kawasaki’s strong dealer
network.”
About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
About Kawasaki
Kawasaki Motors Corp., U.S.A. (KMC) markets and distributes
Kawasaki motorcycles, ATVs, side x sides, and Jet Ski® watercraft
through a network of approximately 1,100 independent retailers,
with close to an additional 7,700 retailers specializing in general
purpose engines. KMC and its affiliates employ nearly 3,100 people
in the United States, with approximately 260 of them located at
KMC's Foothill Ranch, California headquarters. Kawasaki’s tagline,
“Let the good times roll.®”, is recognized worldwide. The Kawasaki
brand is synonymous with powerful, stylish and category-leading
vehicles. Information about Kawasaki’s complete line of powersports
products and Kawasaki affiliates can be found on the Internet at
www.kawasaki.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170117005953/en/
CitiDeirdre Leahy, 212-559-3296deirdre.leahy@citi.com
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