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Rich Poster

Watch Capital One's founder share our vision for the combined company


Rich Fairbank, Capital One’s Founder & CEO, shares how the combination of Capital One and Discover will provide significant benefits for the two companies and their customers. Joining forces will enable greater competition with the largest U.S. banks and global payments networks. Together, Capital One and Discover can deliver exceptional banking products and experiences for customers while increasing the value of the network for merchants and consumers. 

 

Community benefits

Announcing our 
community benefits plan

Our historic community benefits plan, which was developed as part of our proposed acquisition of Discover Financial Services, totals more than $265 billion in lending, investing and philanthropy over five years. This plan is more than twice as large as any other community commitment developed in connection with a bank acquisition.

Photograph illustrating a small business owner sitting in a workshop, handling his finances with a Capital One Quicksilver card.

Here for consumers and small businesses

Focusing on our customers

  • Offering widespread access to low-fee credit cards, no-fee bank accounts and new products with industry-leading rewards and features for consumers
  • Providing ways to lower fraud and innovate through the Discover network
  • Scaling seamless, consumer-friendly digital and in-person experiences across a national network of branches and cafés
A young man and woman giving a talk at a Capital One Cafe

Committed to communities

Making a positive difference

  • Bringing benefits to the customers, communities and employees of both companies
  • Increasing overall lending, investment and other services to underserved communities, including those in low- and moderate-income (LMI) neighborhoods, rural areas, and communities of color
  • Building on Capital One’s long-standing track record of "Outstanding" Community Reinvestment Act performance since 2007, and as a consistent top provider of community development lending among all banks since 2015, with $4.75 billion in national community development loans in 2023 alone
About our Community Benefits Plan
A woman checking out at a store using her Discover card via Apple Pay

Uniquely pro-competition

Bringing more competition into the payments industry

  • Injecting more competition in the payments network space, which is dominated by Visa and Mastercard today
  • Strengthening the Discover network, which today accounts for less than 4% of total credit card purchase volume, with Visa, Mastercard and American Express accounting for the remaining 96%
  • Leveraging scale and industry leading capabilities to enhance the competitive position of the Discover network and pass additional efficiencies on to customers, small businesses and merchants in the form of improved products and services
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Frequently asked questions

Your questions, answered.

In the news

Positioned to deliver for consumers, small businesses, and merchants

Our story

Sharing in similar histories,
values, and missions.

Both companies were created with a drive to take on the centuries-old financial industry and have grown by challenging conventional thinking while keeping their mission to help customers build a better financial future at the core of their business.

Capital One

Capital One's logo on a dark blue solid background

Investor Relations:
Danielle Dietz: [email protected]
Jeff Norris: [email protected]

 

Media Relations:
Sie Soheili: [email protected]
Carlisle Campbell: [email protected]

Visit the Capital One newsroom

Discover

Discoverlogo Onblue (1)

Investor Relations:
Erin Stieber: [email protected]

 

Media Relations:
Matthew Towson: [email protected]

Visit the Discover newsroom

Resources

Additional information about the acquisition