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BRIEF-Alliance Data Systems unit LoyaltyOne announcing cancellation of its five-year expiry policy
December 1, 2016 / 10:00 PM / 10 months ago

BRIEF-Alliance Data Systems unit LoyaltyOne announcing cancellation of its five-year expiry policy

Dec 1 (Reuters) - Alliance Data Systems Corp

* Unit Loyaltyone announcing cancellation of its five-year expiry policy

* Alliance Data Systems - LoyaltyOne will reassess accounting estimates regarding breakage, or those air miles reward miles not expected to be redeemed

* Alliance Data Systems - Expected that LoyaltyOne will incur a one-time charge as a result of cancellation of expiry policy

* One-Time charge likely be recorded as a reduction of revenue in 2016

* LoyaltyOne anticipates amount of expected charge to be between usd $180 million and $250 million Source text: [bit.ly/2gEE2zZ] Further company coverage:

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