LilMikeSF<p>$35 Billion <a href="https://c.im/tags/ProposedMerger" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ProposedMerger</span></a> of <a href="https://c.im/tags/CapitolOne" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CapitolOne</span></a> taking over <a href="https://c.im/tags/Discover" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Discover</span></a> cards creates estimated billions in hidden synergies. Perhaps most insidiously is a way for <a href="https://c.im/tags/Delaware" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Delaware</span></a> based Capital One to elude Sen <a href="https://c.im/tags/DickDurbin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DickDurbin</span></a>'s debit fee caps that limited merchant fees on <a href="https://c.im/tags/DebitCard" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DebitCard</span></a> transactions since 2010. When Discover is both card issuer and "card network", it is exempt from fee caps and Capital One could immediately shift its products to that platform and reap lotsa extra <a href="https://c.im/tags/money" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>money</span></a>. Discover bought the Pulse <a href="https://c.im/tags/ATM" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ATM</span></a> network in 2005, which made it a partner with 4,500 <a href="https://c.im/tags/banks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>banks</span></a>.</p><p><a href="https://www.wsj.com/finance/banking/how-discovers-network-helps-capital-one-take-on-card-and-banking-giants-1a3ef0e0?st=o7w8zcxx7mbr2at" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">wsj.com/finance/banking/how-di</span><span class="invisible">scovers-network-helps-capital-one-take-on-card-and-banking-giants-1a3ef0e0?st=o7w8zcxx7mbr2at</span></a> <a href="https://c.im/tags/GiftLink" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GiftLink</span></a> <a href="https://c.im/tags/Banksters" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Banksters</span></a> <a href="https://c.im/tags/PaywallLift" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PaywallLift</span></a> <a href="https://c.im/tags/WSJ" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WSJ</span></a></p>