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Discover Financial Services is an American financial services company that owns and operates Discover Bank, an online bank that offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards.
Meanwhile, Capital One customers will also have access to Discover’s payment network. In the United States, switching to a new Capital One card on Discover’s network from Mastercard or Visa ...
Discover is the third largest credit card brand in the U.S., with 60.6 million cardholders or about 8% of cards in circulation, placing it well behind Visa (48%) and Mastercard (36%), but slightly ahead of American Express (7.5%). [3] [4]
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The merger would combine one of the largest issuers of Mastercard and Visa cards with Discover's network of cardholders. However, such a mega-merger immediately raised antitrust concerns, as well ...
Americans have become increasingly reliant on their credit cards since the pandemic. Capital One Financial announced Monday that it would buy Discover Financial Services for $35 billion. For ...
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