Discover Battles Rivals, Skeptics

Kite, Shane
December 2010
Bank Technology News;Dec2010, Vol. 23 Issue 12, p24
Trade Publication
The article focuses on near-field communication-(NFC-) based mobile network revenue stream Isis from the joint venture of Discover Financial Services Inc. with three mobile carriers. It says that Isis allow consumers make transactions over Discover's contactless payment network and will enable users to receive discounts or merchandise reviews on participating stores. However, skeptics think that Isis' low merchant acceptance and smaller network could not bring enough volume on pivot payments.


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