Discover's network is smaller than Visa and Mastercard and isn't accepted everywhere in the US or abroad. "While many countries where Discover isn't widely accepted are places that aren't popular ...

As a payment network, Discover has always been behind Visa, Mastercard and American Express, Steele said. Currently, Discover has 44 million global merchants, much fewer than the other three networks.

Capital One's $35.3 billion acquisition of Discover Financial would likely renew competition for Visa and Mastercard, which have long dominated the payment processing industry.

The card network said inflation remains in check, any impacts of Capital One moving cards to the Discover network will be ...

The acquisition would give Capital One access to Discover’s high-credit-quality customers and its network of payment processing services, an area dominated by Visa and Mastercard.

By Ken Sweet | The Associated Press Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card ...

While smaller than industry giants Visa and Mastercard, the Discover network will enable Capital One to get revenue from fees charged for every merchant transaction that runs on the network.

Capital One, a bank and credit card issuer (known for its celebrity-studded ads) wants to buy the credit card company Discover for $35 billion in stock. If the deal goes through, it would make ...

However, Capital One plans to expand Discover's payment network, which could increase its footprint overseas in the future. "We continue to believe that Visa and Mastercard play a very important ...