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Costco is reaping the benefits of the transition from American Express to Citigroup and Visa (COST, V, AXP, C)

This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. In its recent earnings report, Costco noted that its payment card acceptance transition is progressing strongly. The retailer’s portfolio, which was previously cobranded with American Express, was sold to Citigroup and Visa in June. And though there were some hiccups involved with the transition, Costco noted it’s “past that” and reported strong numbers.
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