Charles Scharf

Best Buy Retail Sign

Best Buy Replaces MasterCard with Visa for Branded Credit Cards

Best Buy is switching to a new credit card processor in 2015, choosing Visa over MasterCard to handle its co-branded card. Citigroup will remain the card-issuing bank, but Visa will become the processor at the beginning of the year. Reports about the switch come from two insiders at Best Buy who have asked to remain