The Fed Is Behind the Capital One/Discover Merger

Re:The Fed Is Behind the Capital One/Discover Merger by jltsiren on Thursday February 22, 2024 @11:02PM (#39476818)

There used to be Eurocard, but it merged with MasterCard a couple of decades ago. Most countries had domestic debit card networks. Some still have, while others replaced theirs with Visa / MasterCard debit cards.

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Re:The Fed Is Behind the Capital One/Discover Merger by wenyuanyu on Thursday February 22, 2024 @11:17PM (#39476918)

How much is the credit card fee and debit card fee in Europe? In China, it is capped to 0.6% and could be as low as 0.3% or less I believe.

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Re:The Fed Is Behind the Capital One/Discover Merger by pgeorgi on Friday February 23, 2024 @02:05AM (#39477768)

Capped at 0.3% for credit card transactions, 0.2% for debit card transactions

See https://www.consilium.europa.eu/en/press/press-releases/2015...

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Re:The Fed Is Behind the Capital One/Discover Merger by qwytw on Friday February 23, 2024 @07:14AM (#39479637)

That's somewhat deceiving because these regulations don't include bank fees (about 1% in total is pretty standard)

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