RIVERWOODS, Ill. - SPS Transaction Services Inc. has completed its previously announced acquisition of credit card receivables from Tandy Corp., the parent of Radio Shack.

SPS and its Hurley (S.D.) State Bank affiliate purchased $391 million of receivables and other assets and assumed $231 million of securitized receivables. The organization will also issue cards bearing the Radio Shack and Tandy brands through a separate agreement.

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