This year, Capital One plans to acquire Discover for $35.3 billion. The date and details aren't final yet, but changes for both Discover and Capital One cardholders could be on the horizon.
The digital banking and payment services company on Wednesday posted a net profit of $1.29 billion, or $5.11 a share, compared with $366 million, or $1.45 a share, for the same period a year earlier.
Hochschild brings over 35 years of payments expertise to InterPayments, including serving as chief administrative and strategic officer at Morgan Stanley and a 25-year tenure at Discover.