Federated launches online financial portal
November 19, 2001,
Federated Department Stores has launched an online financial services portal that will provide banking, investments, home mortgages, insurance and financial planning tools. Dubbed iTrust.com, the service is managed by Federated's financial, administrative and credit services division, known as FACS. FACS also manages Federated's proprietary credit card program, which has some 20 million active users, the company said.