What is the advantage for Capital One of owning a credit card network? Discover, originated by Sears in the mid-1980s to get into the financial services business, has a network of 70 million ...

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 ...

The deal will create the largest U.S. card issuer with around $250 billion in card balances and a market share of 22%, according to TD Cowen. It would allow Capital One to compete in the lucrative ...

Capital One’s plan to buy Discover could form the largest credit card issuer in the country and the sixth-largest U.S. bank by asset size in late 2024 or early 2025. Federal regulators and ...

As far as consumer benefits, the deal may allow Capital One to issue rewards debit cards through the Discover network, products that Visa and Mastercard do not offer, he said in the report. The ...

According to Capital One, three former Discover board members will now serve on Capital One’s board of directors as it expands from 12 members to 15. The new board members are Thomas G. Maheras, ...

So, your Capital One credit cards may one day run on the Discover network, but it likely won't happen anytime soon. If this happens, your card's acceptance rates, perks and rewards may change.

This July 22, 2019, photo at top shows Capital One mail in North Andover, Mass. Credit card options including Discover are shown on a store's door on Nov. 29, 2018, in Philadelphia.

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 ...

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.