fne8w2ah@lemmy.world to News@lemmy.worldEnglish · 9 months agoCapital One to buy Discover for $35 billion in deal that combines major US credit card companies - ABC Newsabcnews.go.comexternal-linkmessage-square18fedilinkarrow-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.comfne8w2ah@lemmy.world to News@lemmy.worldEnglish · 9 months agomessage-square18fedilink
minus-squaremorphballganon@lemmy.worldlinkfedilinkarrow-up1arrow-down22·9 months agoSmall player takes over small player. Big deal. Now, if Chase bank bought Mastercard, that would be some bullshit.
minus-squaredependencyinjectionlinkfedilinkarrow-up8·9 months agoMastercard merely processes transactions no? Like world pay.
minus-squaredmtalon@infosec.publinkfedilinkarrow-up1·9 months agoDon’t they feed off every single transaction? I’d imagine they’re huge.
minus-squaredependencyinjectionlinkfedilinkarrow-up2·9 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-squaredmtalon@infosec.publinkfedilinkarrow-up1·9 months agoWell my point was that it would be a large merger
minus-squaredependencyinjectionlinkfedilinkarrow-up1·9 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.