Discover “insight”

Capital One buying Discover is a big deal.

First thoughts:

1. This is going to hurt Mastercard (their big 3 are Citi, BoA, Cap One iirc). For a long time that relationship was so close they shared a building on 5th Avenue.

2. Discover is a 3-party network. Meaning: their…

— Amanda Orson (@amandaorson) February 19, 2024