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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...
Capital One’s $35.3 billion deal to buy Discover is a long way from being completed.. But consumer advocates and some lawmakers are already raising questions about how the proposed merger could ...
Credit card fraud happens all the time. Unfortunately, Americans know this all too well, as the nation is the most credit fraud susceptible country in the world. According to Nilson Report, credit ...
Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. [1] The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal. The Payment Card Industry Data Security Standard (PCI DSS) is the data security standard created to ...
Discover Financial. 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. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
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%).
NEW YORK/WASHINGTON (Reuters) -Warren Buffett-backed U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 ...
Some of the biggest issuers of credit cards are banks, like JPMorgan Chase and Citigroup. But Capital One and Discover are first and foremost credit card companies — like American Express, but ...