Capital One buys Discover - now what? (Finale)

Merchant and rewards implications, plus risk confessions (including about people) buried in the 10-Ks

Just over a week after the big news, we come to the end of this series. I didn’t expect this to go multiple parts and especially not four, but I can’t help but find it compelling (for reasons that I think you’ll have already figured out by now). In this final part, we review the implications of the deal on merchants and what it could mean for rewards as…