Capital One Said to Buy Walmart Card Portfolio, Zero In on Digital Collaboration

Capital One Financial has reportedly acquired Walmart's card receivables, the bank's chairman and CEO, Richard Fairbank, said yesterday. Terms of the transaction were not disclosed. After touting the bank’s card partnership with Walmart, Fairbank said during Cap One's fourth-quarterter earnings call Tuesday that the bank has entered into a “definitive agreement” with Walmart to acquire the co-branded, private-label ...Read More

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