Citi Retail Services (CRS), which had revenue of $5.50 billion in 2022, has been offering private label and co-branded credit cards to merchants in the US for more than 30 years. The business has partnerships with 5 of the top 15 US retailers—Best Buy, Costco, Home Depot, Macy’s and Wayfair. CRS integrates with a partner’s POS system. It provides lines of credit on more than 30 private label credit cards as well as financing for special promotions and monthly payment plans. All credit offered is presented in the retailer’s name. Multiple credit products help retailers build loyal...