Capital One is acquiring Discover in an all-stock deal that represents a premium of 26.6% over Discover's closing price of $110.49 on Feb. 16. At this price, the transaction is valued at $35.3 ...

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. How ...

While Discover is widely accepted in the U.S., it isn’t nearly as prevalent abroad, which could prove problematic, as Capital One plans to gradually migrate its cardholders to the Discover network.

Acquisition Details If the all-stock acquisition deal is completed, Discover shareholders will receive 1.0192 shares of Capital One stock for each share of Discover stock they own.

For Discover customers, it means gaining access to physical bank locations. Currently, Discover has one brick-and-mortar location while Capital One has 259 branches and 55 Capital One Cafes.

Capital One’s chief financial officer Andrew Young told investors in the Feb. 2024 call of the bank’s plan to migrate “credit and debit spend to the Discover network.” ...

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.

Chief among them: Discover’s debit network, which goes by the Pulse brand. Of all Discover’s properties, “the debit network is the most developed [asset] of all because they have the Pulse network, ...

Capital One announced on Monday that it would acquire Discover Financial Services in an all-stock transaction valued at $35.3 billion, a deal that would merge two of the largest credit card ...

Dollar volume for Discover’s Pulse debit network for the quarter increased 18% from a year ago, while Diners Club volume decreased 5% year-over-year due to lower volumes in India. Network Partners ...

Capital One Financial's proposed acquisition of Discover Financial Services would create a credit card behemoth with its own payments network. The deal is likely to draw tough regulatory scrutiny, ...

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 ...