Credit Card Mechanics
The credit card industry operates through a complex network involving marketers, issuing banks, acquiring banks, and credit card networks like Visa and Mastercard. As Capital One and Discover aim to merge, they face significant scrutiny, particularly regarding their potential to dominate the market with a staggering $250 billion in loans. Insights into the structural intricacies of credit card transactions highlight the challenges and opportunities within this opaque industry.In this clip
From this podcast
The Prof G Pod with Scott Galloway
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