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Wal-Mart’s Credit-Card Portfolio To Convert To MasterCard

Wal-Mart Stores, Inc. (NYSE:WMT) announced today, April 4th, that its co-branded credit card portfolio will convert to Mastercard Inc (NYSE:MA) later this year.

Mastercard Inc (NYSE:MA) has been battling in recent years to win more co-branded partnerships to boost transaction volume over its payment network.
Cards to carry MasterCard’s logo
In a deal struck by the retail giant with General Electric Co’s banking arm, Wal-Mart Stores, Inc. (NYSE:WMT)’s co-branded . . .

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