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-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.
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.