Visa Said to Win Best Buy Partnership From MasterCard
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Best Buy Co., the world’s largest electronics retailer, is switching its credit-card processing partner to Visa Inc. from MasterCard Inc., according to two people briefed on the matter.
The change will take effect next year, said one of the people, who requested anonymity because the deal hasn’t been made public. Citigroup Inc. will remain the card-issuing bank, the people said.