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-square16fedilinkarrow-up1172arrow-down12
arrow-up1170arrow-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-square16fedilink
minus-squaredmtalon@infosec.publinkfedilinkarrow-up1·9 months agoDon’t they feed off every single transaction? I’d imagine they’re huge.
minus-squaredependencyinjection@discuss.tchncs.delinkfedilinkarrow-up1·9 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.
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.