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Thread: Dsicover Capital One buying Discover.
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Old Feb 20, 2024 | 5:14 pm
  #26  
mia
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Discover has built a rare and valuable global payments network with 70 million merchant acceptance points in more than 200 countries and territories. Even so, it is the smallest of the four US-based global payments networks. This acquisition adds scale and investment, enabling the Discover network to be more competitive with the largest payments networks and payments companies.
It's pretty clear from this paragraph that Capital One's intent is to drive transaction volume through the Discover network. It will be interesting to see how they approach this. It could be done by moving existing card accounts from MasterCard or VISA, or through the introduction of new Discover card products.
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