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Shares of Visa were climbing in early trading on Wednesday, after the company reported an earnings beat for its fiscal second quarter.
Mastercard will increase network assessment fee to 0.14% from 0.13% on April 15, potentially adding $259.1 million in fees. Merchants criticize burden on them and plan to pursue trials against Mastercard and Visa.
PayPal collaborated with Visa for its peer-to-peer payment system; announced that Ernst & Young's Carmine Di Sibio joined its board.
Capital One Financial Corp (NYSE: COF) has announced its plans to purchase Discover Financial Services (NYSE: DFS), marking a pivotal $35.3 billion all-stock trans
$35B takeover of Discover by Capital One creates US' biggest credit card operator. Synergies drive deal, but regulatory hurdles possible.