TD Retail Card Services said Tuesday it has started offering a private-label credit card program to independent U.S. retailers of luxury items like jewelry and leather goods.
The Mahwah, N.J., unit of Toronto-Dominion Bank has been offering the program to Canadian retailers since August.
The LJC Card can be used for purchases at any participating merchant. The merchant that opens an account can have its name embossed on the card.
"Through economies of scale, the LJC Card delivers many of the important advantages of a private label credit card to smaller retailers who may not generate the sales volume to justify a private label program of their own," said Marc Sczesnak, the unit's president, said in a press release.