Discover (DFS +5%) and PayPal ink a deal giving the eBAY (EBAY +3.9%) unit access to...

|About: Discover Financial Services (DFS)|By:, SA News Editor

Discover (DFS +5%) and PayPal ink a deal giving the eBAY (EBAY +3.9%) unit access to Discover's network (7M+ retailers). Under the agreement, PayPal will issue payment cards to its 50M users allowing them to make payments anywhere Discover is accepted. PayPal will charge merchants a small fee, of which Discover will get a cut.