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e-commerce

Walmart Wants to Move Card Business to Fintech Venture: Capital One

By
Ann Gehan
· · Source: American Banker

Capital One has fired back at Walmart, which sued the bank in April to end a credit card partnership between the two companies, by alleging the retail giant is trying to abandon the deal in order to move its credit card business to a fintech venture it backs. The Walmart-backed fintech venture, One, currently offers users checking and savings accounts, along with debit cards. It also plans to...

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