@fne8w2ah to NewsEnglish • 8 months agoCapital One to buy Discover for $35 billion in deal that combines major US credit card companies - ABC Newsabcnews.go.comexternal-linkmessage-square18arrow-up1176arrow-down12
arrow-up1174arrow-down1external-linkCapital One to buy Discover for $35 billion in deal that combines major US credit card companies - ABC Newsabcnews.go.com@fne8w2ah to NewsEnglish • 8 months agomessage-square18
minus-square@morphballganonlink-21•8 months agoSmall player takes over small player. Big deal. Now, if Chase bank bought Mastercard, that would be some bullshit.
minus-square@[email protected]linkfedilink8•8 months agoMastercard merely processes transactions no? Like world pay.
minus-square@[email protected]linkfedilink1•8 months agoDon’t they feed off every single transaction? I’d imagine they’re huge.
minus-square@[email protected]linkfedilink2•8 months agoThey take processing fees. You don’t need to imagine their size, you can Google them. They have a market cap of $400B+. You should note that it’s the retailers paying the transaction fees and not the customers.
minus-square@[email protected]linkfedilink1•8 months agoWell my point was that it would be a large merger
minus-square@[email protected]linkfedilink1•8 months agoBut not a monopoly as they’re different services, albeit in the same industry.
Small player takes over small player. Big deal.
Now, if Chase bank bought Mastercard, that would be some bullshit.
Mastercard merely processes transactions no? Like world pay.
Don’t they feed off every single transaction? I’d imagine they’re huge.
They take processing fees.
You don’t need to imagine their size, you can Google them. They have a market cap of $400B+.
You should note that it’s the retailers paying the transaction fees and not the customers.
Well my point was that it would be a large merger
But not a monopoly as they’re different services, albeit in the same industry.