Its blockbuster bid for Discover could position Capital One to compete not only with the largest credit and debit card issuers, but also with networks like Visa, Mastercard, and AmEx. Capital One Financial Corp.’s bombshell announcement in February that it is offering to acquire Discover Financial Services in all-stock deal …

The planned acquisition of Discover Financial Services by Capital One Financial Corp. will reshape the competitive landscape for consumer deposit accounts in the United States. Digital Transactions reported earlier that Capital One has already announced its intention to move its entire debit portfolio to the Discover Network once the deal …

Long unneeded in a credit card transaction, the signature at the point of sale still exists. Why? More than six years ago, the requirement that credit card transactions made at the point of sale be completed with a signature was lifted by the four U.S. card brands. But today, many …

The big digital-payments platform Ant International said it will support local payment methods and payment orchestration for Capital A Berhad, owner of AirAsia. Tink, a payments provider acquired by Visa Inc. in 2022, has agreed to provide pay-by-bank payout options in Europe for checkout platform Payop. Adyen NV will process online and offline …

After the hoopla surrounding FedNow’s launch last year, reality is starting to set in. Payments professionals have been basking in a warm glow as a steady stream of media coverage lauds the long-awaited arrival of faster payments and the uplifting role played by those professionals in bringing the long-dormant, slow-innovation …

The iPhone maker is known for its impeccable technology. What is less obvious is its nuanced but multipronged assault on the payments business. Ask anyone on the street what Apple Inc. does, and such is the company’s fame that even the least technology-inclined will respond immediately with examples like the …

Mastercard Inc. launched its Open Banking for Account Opening program, aimed at U.S. issuers of consumer and small-business debit cards and issuers of consumer prepaid cards. The program aims to verify account ownership, reduce account abandonment, and cut non-sufficient funds returns. Brivo, a provider of technology for building access, has added …

(Editor’s Note: This story follows up on news late Monday concerning a planned acquisition of Discover Financial Services by Capital One Financial Corp.) On the Tuesday morning after news broke that credit card giant Capital One Corp. intends to shell out $35.3 billion in an all-stock deal to acquire Discover …

Capital One Financial Corp. may be on the brink of acquiring Discover Financial Services, if two news reports are accurate. The Wall Street Journal and Bloomberg.com separately reported on Monday a deal between the two credit card juggernauts is in the offing, with The Journal reporting an announcement could come …

Apple Inc. reported record quarterly revenue of $23.1 billion in its Services unit, up 11% year-over-year, including an all-time high for payments revenue, which Apple did not break out in its December quarter results. This subcategory includes revenue from processing for stores, Apple Pay, and iOS apps. Cannabis wholesale platform Nabis …