Capital One And Hudson's Bay Announce New Credit Card Program Deal - Quick Facts

(RTTNews) - Capital One Financial Corp. (COF) and Hudson's Bay Company (HBC.TO) announced a new credit card program agreement between Capital One, Hudson's Bay and Saks Fifth Avenue, with the planned addition of the Lord & Taylor credit card program in June 2015.

As per the deal, Capital One will be HBC's exclusive issuer for both private label and co-branded credit cards at all HBC-owned retailers, including Hudson's Bay, Saks Fifth Avenue, OFF 5TH and Home Outfitters.

Capital One noted that the new brand alignment will provide customers with flexible payment options and will facilitate a more consistent experience across HBC's retail stores.