Walmart Partners with MasterCard for Store Branded Credit Cards

Walmart Partners with MasterCard for Store Branded Credit Cards

April 8, 2014         Written By John H. Oldshue

MasterCard will be the new payment network for Walmart’s store-branded credit cards, ending the nine year partnership between Discover and Walmart. MasterCard will also handle all the transactions on the store-branded credit cards for the Sam’s club subsidiary. General Electric’s Capital Retail Bank will be the store card’s issuer.

“The conversion of the Walmart and Sam’s Club co-brand programs to MasterCard is further evidence of the strong and growing partnership between our organizations for the benefit of consumers,” said Craig Vosburg, MasterCard’s chief product officer, in a statement.

Walmart indicated its credit cards will convert to MasterCard later this year and Sam’s Club credit cards will be switching in June.

With over 100 million customers under the Walmart credit card network, this contract is a significant gain for MasterCard.

The news is another negative blow for Visa as it comes on the heels of Walmart’s suit against Visa for $5 billion over credit card swipe fees they believe the credit card processor illegally inflated.



The information contained within this article was accurate as of April 8, 2014. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


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About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.
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