TF Bank renames business segments
TF Bank has decided to rename its two business segments within lending. As of 13 April, Sales Finance will be renamed Ecommerce Solutions and Direct to Consumer will be renamed Consumer Lending.The Ecommerce Solutions segment (formerly Sales Finance) offers payment solutions to merchants, both ecommerce and retail, for handling consumer payments. As of 1 January 2017, the segment also includes credit cards. – Ecommerce Solutions is a better reflection of the segment than Sales Finance. We do not offer traditional sales finance in the stores via card infrastructure. Instead, we offer