Cross-border e-payments specialist PPRO announced an investment this week from PayPal. The leading payments provider led the $50 million funding round with participation from Citi Ventures and HPE Growth Capital.
Intrigued by how Costco is discovering the many expensive complexities in transitioning from store-branded card to another.
Costco has said that it needs more time than originally announced to make its move from Amex to Citigroup Visas. It had initially announced an April 1 cutoff date but the retailer now says it will be closer to “the middle of summer.”
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