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On February 19, Capital One announced it would acquire Discover in an all-stock transaction worth $35.3 billion. Both companies are among the largest credit card issuers in the country while ...
Capital One Financial stirred up the payments industry when it announced it was acquiring Discover Financial Services for $35.3 billion last month. The deal will merge two of the country's biggest...
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Last month's announcement that Capital One Financial will acquire Discover Financial for $35.3 billion was major news because it represents the biggest-ever deal in the credit card industry. On a...
Most cards with the Discover brand are issued by Discover Bank, formerly the Greenwood Trust Company. Discover transactions are processed through the Discover Network payment network . In 2005, Discover Financial Services acquired Pulse , an electronic funds transfer network, allowing it to market and issue debit and ATM cards.
Unlike Visa and MasterCard, Discover directly issues its cards as both the card network and associated bank, through its Discover Bank unit. [42] When measured by card balances, Discover is the sixth largest credit card issuer in the U.S. behind JPMorgan Chase , Citigroup , Bank of America , Capital One and American Express , and ahead of Wells ...
A marriage between Capital One and Discover Financial Services is on the table for $35.3 billion.If finalized, it could create one of the nation's largest consumer financial institutions—and ...
Capital One Financial Corporation is an American bank holding company founded on July 21, 1994, and specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States. [2]