The Valovis Commercial Bank’s three areas of business credit cards, retail sales financing and factoring are a combined package of services specially designed for the needs of retail and branch sales. Based in Neu-Isenburg, Valovis’ 850,000 Mastercard credit cards make it the largest issuer of so-called co-brand credit cards, which combine customer loyalty and bonus programmes with the advantages of a credit card.
Sales financing enables medium-sized retail dealers and service providers to offer their customers flexible financing models such as instalment payments or credit purchasing. In addition, the factoring process enables dealers to optimize their liquidity by buying customers’ liabilities.
With the Valovis Commercial Bank as a business partner, dealers can concentrate on their most important task – looking after customers and selling their products. Through this form of solidarity with its customers, the former KarstadtQuelle Bank was able to establish itself as an ideal banking partner for retail dealers in Germany after it was spun off from the Arcandor Group.