Capital One Credit Card
The Capital One credit card company is a Virginia-based bank holding company. It was founded in 1988 by Richard Fairbank and Nigel Morris. Pioneering the mass marketing of their Capital One credit card products in the early 1990’s, Capital One is now the fourth largest customer of the United States Postal Service. The Capital One credit card company had won the Wharton Infosys Business Transformation Award in 2002 for innovation in strategy. In 2005, the Capital One credit card company decided to enter into the retail banking market by acquiring Lousiana-based Hibernia National Bank. And in 2006 the Capital One credit card company acquired North Fork bank for $14.6 billion. Since the merger on December 1, 2006 the bank is now renamed as Capital One Bank.
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