Build ‘something really special’salsa raises m to expand embedded payroll services across us and canadareport: . Democratic senators demand synapse records from federal reservesee more in: dan ives, doge, donald trump, . Earnings, elon musk, news, pymnts news, tariffs, tesla, transportation, wedbushcapital one ceo says discover acquisition . Will build ‘something special’by pymnts | april , | highlightsthe pending discover acquisition is seen . As a transformative move aimed at building a Leading consumer banking and payments platform according .
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To capital one’s ceo.Capital one’s credit china phone number data metrics are showing improvement, with delinquency rates improving steadily . For several quarters.Consumers are still spending on their credit cards, as purchase volumes were up . In the quarter, and capital one has seen spending accelerate in april.With less than one . Month to go before its acquisition of discover financial services, capital one is on track . To deliver synergies and forge an expanded consumer card and digital banking footprint in what .
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The latter’s ceo, richard fairbank, said will create “something really special.”the combined entity, fairbank said, . Will create a “leading consumer make a chain of redirects banking and payments platform” that he said toward the end . Of the call comes as “discover brings us a growth platform both on the network . Side and with respect to their card franchise that allows us to preserve the best . Of what they do and leverage a lot of capital one’s capabilities.
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”in discussing the acquisition, . Fairbank highlighted what he said would be “unique capabilities, modern technology, powerful brands, and a . Customer franchise of over million customers that spans the marketplace … combining proven and text services complementary . Banking and credit card businesses with a global payments network. It leverages capital one’s technology . Transformation and digital capabilities across a significantly larger customer franchise.”looking ahead, and in the wake . Of the discover deal, fairbank said that “we’re trying to build a bank with leaner .
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Economics that comes from not having branches all over the place, and also to be . Very, very modern in its technology and its digital experiences.“in terms of the customer base . That we attract to self-select a more digitally first kind of experience. … the benefit . Of the discover acquisition relative to that … is that the benefit of vertical integration . With the network allows our thin margin business to strengthen its margins and allows us .