While the payment networks of giants Visa (NYSE:V) and MasterCard (NYSE:MA) are enormous and currently cannot be matched, smaller players Discover (NYSE:DFS) and American Express (NYSE:AXP) aren't sitting idly by -- they're taking action.

In this video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss how Discover is leveraging its smaller network by reaching out to a huge number of partners, and the initiatives American Express is making to reach out to a large number of smaller businesses, where Visa and MasterCard are currently undercutting American Express on price.

Your credit card may soon be completely worthless
The plastic in your wallet is about to go the way of the typewriter, the VCR, and the 8-track tape player. When it does, a handful of investors could stand to get very rich. You can join them -- but you must act now. An eye-opening new presentation reveals the full story on why your credit card is about to be worthless -- and highlights one little-known company sitting at the epicenter of an earth-shaking movement that could hand early investors the kind of profits we haven't seen since the dot-com days. Click here to watch this stunning video.

David Hanson owns shares of American Express. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends American Express, MasterCard, and Visa. The Motley Fool owns shares of Discover Financial Services, MasterCard, and Visa. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.