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Alliance Data Systems board OKs share buyback program

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Alliance Data Systems board OKs share buyback program

The board of Alliance Data Systems Corp., a provider of loyalty and marketing services, approved a new $500 million share repurchase program starting Aug. 1.

The new buyback program replaces the existing one that expires July 31. Under the new program, Alliance Data may repurchase shares from time to time through July 31, 2019.