LaSer UK
Encyclopedia
LaSer UK is a provider of credit and loyalty programmes, operating in the UK and Republic of Ireland
markets. The company operates credit and loyalty programmes for business partners across multiple sectors – including retail, household, insurance, entertainment & leisure.
LaSer UK manages more than 4 million customers and over 200 UK partnerships, financing over £1.2 billion in credit per annum. The company's operations are in Solihull and Belfast where it employs 740 people.
LaSer UK is the combined trading name of four separate companies, Creation Financial Services, Creation Consumer Finance, Sygma Bank UK and Creation Marketing Services.
and the company eventually became SearsCard, with its primary function to provide store card facilities for retail companies within the Sears PLC Group.
In the late nineties, the company was rebranded as Creation Financial Services Limited.
In 1999, Creation Financial Services Ltd was acquired by LaSer, a European provider of credit and loyalty customer programmes based in Paris, jointly owned by BNP Paribas
and Galeries Lafayette
.
In 2004, Creation expanded into cobrand credit cards with the launch of a number of programmes in the football arena, providing credit cards to clubs in the Premiership and Football League Championship.
In 2006, Creation acquired Belfast based Open and Direct Retail Services (ODRS).
In 2007, the LaSer Group was formed by Creation’s parents, including rebranding the group companies across Europe and LaSer UK was formed.
In 2008, LaSer UK in-sourced it’s customer services and collections teams.
In 2010 Laser UK announced it would be supplying fixed term credit for DSGI International the owners of Dixons, Currys and PC World.
This includes staff selecting a charity each year to support in Solihull and Belfast. In 2009 LaSer UK raised £10,000 for Acorns, the Midlands based children’s hospice and £5,000 for the Northern Ireland based Action Cancer. The company’s designated charities for 2010 are Marie Curie Cancer Care
and the Northern Ireland Children’s Hospice.
Republic of Ireland
Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...
markets. The company operates credit and loyalty programmes for business partners across multiple sectors – including retail, household, insurance, entertainment & leisure.
LaSer UK manages more than 4 million customers and over 200 UK partnerships, financing over £1.2 billion in credit per annum. The company's operations are in Solihull and Belfast where it employs 740 people.
LaSer UK is the combined trading name of four separate companies, Creation Financial Services, Creation Consumer Finance, Sygma Bank UK and Creation Marketing Services.
Ownership
LaSer UK is part of the LaSer Group, jointly owned by BNP Paribas, global retail and investment bank, and Galeries Lafayette.History
LaSer UK began its existence in 1973 , as the financial services arm of SelfridgesSelfridges
Selfridges, AKA Selfridges & Co, is a chain of high end department stores in the United Kingdom. It was founded by Harry Gordon Selfridge. The flagship store in London's Oxford Street is the second largest shop in the UK and was opened on 15 March 1909.More recently, three other stores have been...
and the company eventually became SearsCard, with its primary function to provide store card facilities for retail companies within the Sears PLC Group.
In the late nineties, the company was rebranded as Creation Financial Services Limited.
In 1999, Creation Financial Services Ltd was acquired by LaSer, a European provider of credit and loyalty customer programmes based in Paris, jointly owned by BNP Paribas
BNP Paribas
BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
and Galeries Lafayette
Galeries Lafayette
- History :In 1893 Théophile Bader and his cousin Alphonse Kahn opened a fashion store in a small haberdasher's shop at the corner of rue La Fayette and the Chaussée d'Antin, Paris. In 1896, the company purchased the entire building at n°1 rue La Fayette and in 1905 the buildings at n°38, 40 et...
.
In 2004, Creation expanded into cobrand credit cards with the launch of a number of programmes in the football arena, providing credit cards to clubs in the Premiership and Football League Championship.
In 2006, Creation acquired Belfast based Open and Direct Retail Services (ODRS).
In 2007, the LaSer Group was formed by Creation’s parents, including rebranding the group companies across Europe and LaSer UK was formed.
In 2008, LaSer UK in-sourced it’s customer services and collections teams.
In 2010 Laser UK announced it would be supplying fixed term credit for DSGI International the owners of Dixons, Currys and PC World.
Products
LaSer UK has three main business lines, namely fixed term loans, card services and loyalty and data services.Corporate Social Responsibility
LaSer UK operates a “Make A Difference” Programme, to support local charities and the local community.This includes staff selecting a charity each year to support in Solihull and Belfast. In 2009 LaSer UK raised £10,000 for Acorns, the Midlands based children’s hospice and £5,000 for the Northern Ireland based Action Cancer. The company’s designated charities for 2010 are Marie Curie Cancer Care
Marie Curie Cancer Care
Marie Curie Cancer Care is a charitable organisation in the United Kingdom which provides nursing care, free of charge, to terminally ill people, giving them the chance to choose to be cared for at home...
and the Northern Ireland Children’s Hospice.