Payments Networks news and trends

Interoperability Will Define Winners in a Digital Payments World, Says Diane Offereins of Discover Global...
Payment Methods // April 26, 2023

The conventional wisdom may have been that once consumers could get back into the physical world, payments behaviors would revert to pre-pandemic norms. That hasn’t been the case. In fact, we’ve seen an even greater embrace of digital and digital-first experiences that consumers want, whether...

What’s Next For Amex? Reactions From Around The Street
Payment Methods // March 09, 2016

Unless you’ve been living under a payments rock for the past few years, it’s no secret that American Express has had its fair share of misery. That misery meter may have come close to pinning yesterday (March 8) based on a Fox Business report that Amex CEO...

USAA Flips Card Portfolio To Visa From MasterCard
News // October 26, 2015

The largest issuer of MasterCard debit cards in the U.S. is switching over to Visa. The United Services Automobile Association (USAA), one of the largest issuers overall of debit and credit cards in the United States, announced over the weekend that it is moving its...

Quick Reads
Report: JPMorgan Considered ‘Company-Changing’ Discover Deal

March 07, 2024
Before Capital One acquired Discover Financial last month, J.P. Morgan Chase reportedly considered its own bid. The country’s largest bank spent roughly a year exploring a deal to gain control of Discover’s payments network long before Capital One’s $35 billion purchase, the Financial Times (FT) reported Thursday (March 7, citing sources familiar with the matter.  […]

USAA Flips Card Portfolio To Visa From MasterCard

October 26, 2015
The largest issuer of MasterCard debit cards in the U.S. is switching over to Visa. The United Services Automobile Association (USAA), one of the largest issuers overall of debit and...