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Bentonville, Arkansas-based Walmart partnered with Capital One in 2019 after ending its previous credit card deal with Synchrony Financial.
After Capital One generated $8.5 billion in credit card balances from Walmart customers, the bank squandered an exclusive deal, opening up a competition for the valuable market.
(Reuters) - Walmart Inc said on Thursday it has tied up with Capital One Financial Corp for its store-branded credit card, ending its two-decade long partnership with Synchrony Financial .
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Website. synchrony .com. Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. [2] The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC -insured consumer savings ...
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The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade practices in the credit card industry. In February 2019 ...