Mentioned Companies:

Capital One to Buy Walmart’s U.S. Credit Cards

In the third or fourth quarter of this year, Capital One will take ownership of Walmart Mastercard and private label credit card outstandings in the U.S. from Synchrony Financial. The outstandings, expected to be in the $9-billion range, will be purchased at face value. The portfolios are tied to Synchrony’s 20-year partnership with Walmart, which expires July 31, 2019. Capital One becomes the issuer in August. Concurrently, Walmart has agreed to drop litigation it filed against Synchrony, and Synchrony has received an extension of its issuing contract for the Sam’s Club cash-back rewar...

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January 2019
Headlines in this Issue
Charts in this Issue

Purchase Volume Worldwide on General Purpose Cards 2017 vs. 2027

Mergers & Acquisitions in Merchant Acquiring/Processing in 2018

Discover Card U.S. 2018

Income at Top U.S. Credit Card Issuers—Company Net vs. Card Net

American Express 2018

Market Shares of Purchase Volume on Global General Purpose Cards

Top 10 Visa/Mastercard Acquirers Worldwide