Discover Battles Rivals, Skeptics

Kite, Shane
January 2011
Bank Technology News;Jan2011, Vol. 24 Issue 1, p24
Trade Publication
The article reports on the mobile wallet system of Discovery Financial Services, which will define its role in mobile commerce and offers consumers with contactless payments on their cell phones and receive wireless deals. It notes that the mobile payment system is a partnership with AT&T, Verizon, and T-Mobile to compete MasterCard and Visa. David Nelms, chief executive officer of Discover and mobile analyst Bob Egan, commented that the system lacks volume and U.S. bank participation.


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