Capital One merger could make Discover a rival to the largest credit cards in payments

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CEI’s John Berlau is cited in the Washington Examiner on the credit-card merger:

“Discover is currently in fourth place in card network size, far behind its competitors in its share of the credit card market,” said John Berlau, director of finance policy at the Competitive Enterprise Institute. “By boosting this card network’s resources, the merger could actually create more robust competition against Discover’s bigger rivals, leading to an increase in benefits for consumers.”

Read the full article on Washington Examiner.