World Financial Network National Bank

Columbus, OH United States

 

Company Description

World Financial Network National Bank (WFNNB) will take credit for the credit it extends. The company is the private-label and co-branded credit card banking subsidiary of Alliance Data Systems. Along with affiliate World Financial Capital Bank, the company underwrites cards on behalf of more than 85 businesses. The company's largest clients include apparel retailers Limited Brands and Redcats USA. WFNNB oversees about 120 million cardholder accounts and roughly $4 billion in receivables. Private equity giant Blackstone planned to acquire parent Alliance Data Systems for more than $6 billion, but that deal was terminated in 2008.