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Article: Harvey credit card on the way.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 18, 2005
CopyrightCOPYRIGHT 2005 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tracy Lee
Oct 18, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Harvey Norman does not fancy the riskassociated with running its own in-storecredit card operations. However the Australian electrical store chain seesbenefits in offering such a card, so it haschosen to allow GE Money to provide the new product, named GO Mastercard. Harvey Normanpoints out that while department store chainDavid Jones has been successful in runningits own credit card business, an economic downturn would lead to a large percentage ofconsumers defaulting on ...