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Reversing its longtime policy of accepting only American Express Co. cards and its own private-label card at its stores, Neiman Marcus Inc. said Thursday it will also start accepting cards backed by Visa Inc. and MasterCard Inc.
October 27 -
David Nelms, The chief executive of Discover Financial Services, is facing new regulatory challenges and has struggled to grow the network business. But his efforts to be 'almost as good as MasterCard and Visa' seem to be working.
February 21
The luxury retailer Neiman Marcus is now accepting the Discover (DFS) credit card at is 42 namesake stores and its Bergdorf Goodman stores in New York.
The retailer, which was long known for
Discover cards had previously been accepted online and at some of the retailer's sister stores, including Last Call and Cusp, for several years. In January, the retailer also partnered with Discover to allow cardholders to redeem cash rewards for Neiman Marcus gift cards.
"For us it's about our customers having a seamless experience," said Beth Horowitz, senior vice president of marketing and merchant relations at Discover, in an interview Monday. "This was really the last step, closing the gap of having a full relationship with them."
Neiman Marcus' private label card portfolio is now owned by Capital One, after the bank
A spokesperson for the retailer did not respond to a request for comment.
