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Capital One to sell Best Buy card portfolio to Citigroup

19 Feb 13 - PaymentEye - M&A Deals
Capital One Financial Corp has agreed to sell to Citigroup Inc its USD7bn portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co inc. The company which is among the largest credit card issuers in the ...

Motorola Solution’s integrates its mobile POS technology

16 Jan 13 - PaymentEye - Partnership DealsNew ProductsNew Technology
Motorola Solutions, Inc.  is working with Best Buy Canada and Future Shop, Canada’s first electronics retailers to roll out fully integrated, enterprise mobile point of sale (mPOS) solutions. Both companies have announced they have improved customer ...

Starbucks to sell with Square’s mobile card readers across US

04 Jan 13 - PaymentEye - Partnership DealsNew ProductsNew Technology
Putting its partnership with mobile payment startup Square to work, Starbucks announced that it has begun selling Square Mobile Card Readers in its 7,000 stores across the US. Available for USD10 with a USD10 rebate for new users, Square says its mobile ...

PointsPay mobile wallet solution reports high user uptake

29 Nov 12 - PaymentEye - Partnership DealsNew ProductsNew Technology
PointsPay, a global mobile wallet and mobile payments solution launched in October, together with launch programme partner, Etihad Airways, reports large user adoption in its first month (view press release). The solution converts virtual currency such ...

Online sales break $1billion mark on Black Friday

28 Nov 12 - PaymentEye
More consumers than ever before are using the internet to do their Christmas shopping resulting in online retail sales topping $1billion on Black Friday this year for the first time ever, according to digital business analytics firm comScore (view press ...

Mobile devices becoming more influential on consumer purchasing

21 Nov 12 - PaymentEye - Insight
A national survey conducted by Sybase 365, providers of mobile interconnection services and mobile commerce solutions, and the Mobile Marketing Association (MMA) a trade association for the mobile industry, reports that the use of mobile devices is ...

Skype launches Skype Cards, a new payment option for the Mexican market

10 Aug 12 - PaymentEye - New Products
Skype is launching Skype Cards, a new payment option for the Mexico market (view press release). The cards will be sold in two denominations, the USD 100 pesos card offers a monthly calling plan for unlimited calls to landlines and mobile phones in the ...

American Express appoints new EVP and Chief Information Officer

08 Aug 12 - PaymentEye - Commentary
American Express is appointing Marc D. Gordon, 51, to the role of EVP and Chief Information Officer as of the September 4th this year (view press release). As head of the company’s global Technologies organisation, Gordon will report to Stephen J. ...

Fiserv launches mobile app for rewards card

26 Jul 12 - PaymentEye - New Products
Fiserv, a provider of financial technology solutions, is launching a mobile application for its UChoose Rewards debit and credit card rewards programme (view press release).  The new app will allow UChoose Rewards users to check and redeem their rewards ...

Revel Systems partners with Best Buy’s Geek Squad for tech support

03 Apr 12 - PaymentEye - Partnership Deals
Revel Systems, developer of an iPad and iPhone mobile POS solution for restaurants, is employing Best Buy’s tech support service, Geek Squad, to install Revel products across the US. The partnership is designed to streamline the installation process for ...

Best Buy is a US specialty retailer of consumer electronics, personal computers, entertainment software and appliances.

Best Buy's products can be divided into the following categories: computers, displays, printers, electronics, imaging, networking, software, storage, switches, security devices, projectors, power & racks, point of sale, office products, networking, input/output devices, components, communications, appliances, cables, accessories and services and warranties.

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