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If you're a Capital One cardholder, experts don't expect major changes right away, but if the merger goes through, your card will likely be shifted to the Discover payment network eventually.
The acquisition of Discover added some $160 billion to Capital One’s asset under management, vaulting it to the sixth largest ...
If the merger with Capital One is approved by regulators, it will bring together two of the largest non-bank credit card companies and potentially build the Discover payments network — a distant ...
But Discover is both a credit card issuer and a payment processing network. As of now, Capital One can issue credit cards, but still needs to be backed by a processing network, such as Visa, to ...
NEW YORK — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card companies as well as ...
Capital One gets green light to buy Discover for $35B and form credit card giant By ... It also will give Discover’s payment network a major credit card partner in a way that could make the ...
With the acquisition of Discover by Capital One, there could be major changes ahead for credit card customers. Here are a few changes that might occur. Expansion of Discover Credit Card Network ...
The Capital One Platinum Secured Credit Card, with a $0 annual fee, offers a $200 credit limit with an initial security deposit of $49, $99 or $200. If you’re eligible for the lowest deposit ...
“These top-tier issuers, with a market capitalization of $50.8 billion and $27.6 billion, respectively, would give Capital One access to Discover’s $100 billion credit card book and $20 billion in ...
U.S. servicemembers who use the Military Star credit card will see a change in September as the closed-loop network it uses migrates to the Discover Global Network. The Exchange Credit Program issues ...
This year, Capital One plans to acquire Discover for $35.3 billion. The date and details aren't final yet, but changes for both Discover and Capital One cardholders could be on the horizon ...