Discover going public too…

Following the suite of MasterCard and the planned IPO for Visa, Discover has announced that they plan to go public in the second half of 2007.

So far the effects of MasterCard going public have amounted to little more than the publicizing of credit card interchange. It will be interesting to see how these companies going public effects the processing industry. Personally, I cant see it as a positive direction for businesses, but public companies often rely more heavily on a positive public image than private companies, and this may cause card companies to turn in a direction that will benefit everyone.