GE Consumer Finance is poised to become a much larger player in the credit card sector, as it pockets the receivables of two U.S. retailers and stakes out more business overseas, following last week's announced plans to gobble up the credit card arm of Dillard's Inc., the sixth-largest in-house card program in the U.S., for about $1.25 billion. This amount includes $400 million of securitization.

GE Consumer Finance also agreed last week to buy Moscow-based DeltaBank, the largest Visa credit card issuer in Russia with 103,000 cardholders. Although terms weren't disclosed, one published report put the purchase price at a "relatively modest" $100 million, while another reported it at $120 million.

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