The Card is Just the Beginning

From application through issuance and transaction processing to account lifecycle management and collections, our industry-leading private label credit card (PLC) solutions are tailored for you and your retail customers. Karum provides retailers with a partner that handles all aspects of PLC while letting the retailer do what it does best - retailing.

Private Label Credit for Apparel:
Try this credit card
on for size.

Fashions come and go. Customers should come and stay awhile. Nothing increases loyalty to your store like a branded private label credit card. Aside from the clear benefits of increasing sales, offering a private label card helps create an ongoing conversation with your customer. Run promotions that target their needs more directly than ever before. Track sales down to SKU to assist in merchandising, assortment planning and mark-down strategies. Grant the kind of financial freedoms to your customers to turn them into card carrying, evangelical fans of your stores. See what Karum is doing for LOB here.

Every department benefits from a little PLC.

In the department store industry, the only thing thinner than the private label credit cards you can offer is the margins that you must contend with. Implementing a private label credit card for your customers will drive higher store ring, increase customer count and improve inventory turns. The program will also yield key customer purchase insights which, when tied to promotions or merchandising, will drive increased revenue.

Karum's software and services are tailor-made for the unique demands of department store retailers. Karum has provided the Private Label Credit for very large retailers with as many as 15 million accounts and addressed the highly differentiated  credit practices of the world's most demanding department stores.

Let’s build
something together.
Like, say, sales.

The home is your customers single biggest investment. A private label card is your way of laying out the welcome mat for them. A recent study showed that retailers that offer more than four methods of payment show a 20% increase in sales. Customers of your store will benefit, not only from this unique payment method, but also from the special financing or promotions you can offer them. Providing a private label card can help you fulfill on the vision of a customer walking in “looking for a light bulb and walking out with an entire lighting solution.”

Read about what Karum is doing for Lowe's, here.

More power. More options.
More electricity.
(And that’s just
from the card.)

With the technology in consumer electronics advancing at an unprecedented pace, your customers are presented with an ever changing sea of products. Offering a private label card with promotional financing, for example, expands your customers’ affordable options when looking at televisions, cameras or other desirable appliances. Similarly, offering a variety of payment methods ranging from revolving credit to fixed payment credit, enables your customer to free up their open-to-buy for other purchases. Layer in a points and rewards system and you’ll have loyal, brand aware customers coming back to your stores for additional purchases in no time.

Karum is not a bank.
Why that's a good thing.

Based on the unique position Karum holds in the retail value-chain, we offer strategic opportunities for financial institutions to decrease costs and improve gross margins. Our processing capabilities are specifically engineered to manage millions of accounts at a fraction of the cost of other processing solutions in the market. Similarly, with our superior approval rates and favorable charge-off percentages, we are able to offer attractive returns for financial institutions looking to reduce their cost of goods.

Karum is working with Mega Financial Services with one of its retailers, Carabela.

Credit is the right solution.
Right here.
Right anywhere.

The global marketplace is evolving faster now than in any era in history. To keep up with the consumer, retail and market demands, it’s even more critical than ever to offer unique and cost-effective payment strategies for your customers. There are a number of benefits of offering private label credit provided by Karum. Some include, increased sales in the form of empowered customers spending more in store, increased customer loyalty and a heightened ability to adjust your promotions and policies to meet demand.