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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%).
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 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.
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The cards run via the Discover Global Network, and are accepted at 42 million merchant locations and 2 million ATMs in over 190 countries and territories. China and Hong Kong An ICBC Diners Club credit card issued in 2022. ICBC is the sole issuing institution of all Diners Club cards in Mainland China.
“The deal also poses massive antitrust concerns, given the vertical integration of Capital One’s credit card lending with Discover’s credit card network.”
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Accepted payment methods. Credit or debit cards• American Express. • Visa (credit or debit) • Discover (credit or debit) • MasterCard (credit or debit) Direct debit is no longer available for...
For customers of the companies, it might eventually mean bigger perks and more merchant acceptance of Discover cards, and potentially lead to more competition in the payments industry.
