Former executives from Chase, Household, Providian, and Barclays formed the Credit Shop two years ago to offer unsecured personal loans and lines of credit to U.S. consumers with credit scores in the 575 to 675 range. All loan originations are handled online. After introducing those products, the plan was to follow with credit card products. Credit Shop bought 6% of Barclaycard’s U.S. portfolio last month, equal to $1.60 billion in Mastercard outstandings. Most of those accounts are seasoned, active, and in good standing. TSYS will continue to provide cardholder account processing and ...