Discover to Team With Wal-Mart on New Card
From Associated Press
Discover Financial Services Inc. said it would team with Wal-Mart Stores Inc. to issue a credit card to customers of the retail chain.
The U.S. Supreme Court let stand in October an antitrust ruling that forced Visa International and MasterCard Inc. to stop preventing the banks that own them from issuing rival cards. That made it possible for Morgan Stanley subsidiary Discover and American Express Co. to begin seeking partners to issue their cards.
