Discover cardholders can send money to anyone with a cellular phone, email address

With NFC payment systems just starting to roll out inside the US, it’ll be awhile yet before you may chop up those bank cards for good. But within the present, at the least, you need to use your handset to ensure you don’t get stuck with a $100 bar tab… again. Discover just announced that it’ll let its cardholders send money to people in 60 countries — as long as they’ve got either a mobile phone number or email address. As AllThingsD notes, Visa and American Express have hatched similar plans, though Discover is the primary of the bunch to partner with PayPal. While people sending money don’t need PayPal accounts, people receiving moola do — or, at the least, they need to be willing to create one. For senders the service is free and, as a matter of fact, they get 0.25 percent cash back for the primary $3,000 exchanged. As for Discover, a smaller player than Visa and MasterCard, it hopes a number of PayPal’s 230 million customers will join a glittery new bank card while they’re at it.

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This post is tagged: american express, cardholders, cell phone number, credit card, credit cards, handset, sending money