Alliance Data to partner with Virgin America on credit card programs Virgin America announced earlier it will partner with Alliance Data Retail Services, an Alliance Data Systems business, to launch a new Virgin America Visa Signature Credit Card and a first-ever Virgin America Premium Visa Signature Card. Under terms of the multiyear agreement, Alliance Data will partner with Virgin America to provide a full suite of credit and marketing services for the Virgin America Visa Signature Card and will leverage its full suite of acquisition tools along with its marketing and analytics expertise.
Alliance Data reports October average receivables up 32% to 11.99B Reports October net charge-offs $49.95M. Reports October net charge-offs as a percentage of receivables 5% vs. 4.5% last year. Reports October delinquency rate of 4.5%.