Capital One plans transition to Discover's payment network following $35.3 billion acquisition

Capital One plans to acquire Discover for $35.3 billion, with a transition of Capital One cards from Visa and Mastercard to Discover's payment network expected in the future. The exact timeline and details are still pending. Discover's network is smaller and not accepted everywhere, including some major retailers and countries. Capital One aims to expand Discover's acceptance both in the U.S. and internationally after the merger. Experts believe that while changes may occur, Capital One will likely maintain both brands for now. Cardholders should stay informed about updates regarding the transition and consider backup payment options.