eBay's PayPal divison has teamed up with Discover Financial Services to make a winning deal within the online sector. PayPal users will now have access to 7 million merchant bricks-and-mortar locations, allowing eBay to become a legitimate financial-services contender. In a great win-win for the future, eBay will begin to look toward mobile payments, while Discover will gain a better position to compete against heavyweights such as Visa and MasterCard.
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Andrew Tonner has no positions in the stocks mentioned above. You can follow Andrew and all his writing on Twitter at @Andrew Tonner. Austin Smith owns shares of eBay. The Motley Fool owns shares of MasterCard. Motley Fool newsletter services recommend eBay and Visa. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.