Shares of eBay (EBAY +4.8%) and Discover Financial Services (DFS +4.5%) shoot higher with...
Wednesday, August 22, 2012, 10:23 AM ETShares of eBay (EBAY +4.8%) and Discover Financial Services (DFS +4.5%) shoot higher with investor enthusiasm stoked up by a mobile payment venture between the two firms. Win-win? The deal lets PayPal shoulder into Discover's existing stable of merchant bank processors and could mark the watershed moment for the service where it emerges into a more mainstream brick-and-mortar payment alternative. For its part, Discover diversifies by grabbing extra fees from processing transactions and hitches itself to a promising partner in the mobile wallet war.
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