TITLE

Discover Battles Rivals, Skeptics

AUTHOR(S)
Kite, Shane
PUB. DATE
December 2010
SOURCE
Bank Technology News;Dec2010, Vol. 23 Issue 12, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
57490388

 

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