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Costco has picked Visa as its new payment card network and Citigroup as the new issuer of its cobranded credit cards.
March 2 -
American Express, Discover and Capital One all reported significant increases in their marketing spending last quarter, part of a larger upward trend in expenses.
January 23 -
Alliance Data Systems announced what it described as a long-term agreement to issue credit cards for the Midwestern grocery store chain Meijer.
September 8 -
Wells Fargo (WFC) has reached a deal to issue private-label and co-branded credit cards with the department store chain Dillard's (DDS).
April 1
Citigroup has agreed to acquire Brooks Brothers' credit card portfolio and issue cards on behalf of the clothing retailer.
Citi Retail Services will issue both private-label and co-branded credit cards for Brooks Brothers, according to a news release. Financial terms of the multiyear agreement were not disclosed.
Brooks Brothers also did not disclose the size of the card portfolio that it's selling nor the previous company that issued its credit cards.
Citigroup in March won the account to issue cobranded credit cards for Costco after the retailer ended a deal with American Express.