The conversion from a cash society to an electronic society is widely seen as an inevitable and unstoppable force. While the payment network giants like Visa (V 0.65%) are usually seen as the largest beneficiaries, companies like American Express (AXP 2.56%) and Discover Financial Services (DFS 2.02%) offer investors a slightly different slice of this market.
Discover is both the card issuer and network provider. Despite often being viewed as a lower-tiered brand compared to the likes of American Express, Discover has made solid progress in gaining traction with customers and establishing merchant relationships.
Discover has also sought out new partnerships to broaden its scope. The company recently partnered with PayPal, a part of eBay (EBAY 0.61%), to allow PayPal customers to ultilize Discover's point-of-sale terminals at some retailers.
In this video, Motley Fool analysts David Hanson and Matt Koppenheffer discuss the stock performance of Discover and where they see the company going in the future.
