![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, August 03, 2010 9:26:48 PM
Consumers will be able to "wave and pay," without needing to swipe their credit card.
With Discover currently the fourth biggest credit card company, behind Visa, MasterCard, and American Express, the company is hoping to take "dead aim" at their competitors by offering the new technology.
In fact, shares for Visa and MasterCard have already dropped since the news was leaked.
According to insiders, "this is a game changer."
Watch the clip (above) and see how this new "contactless" swipe works. Pretty neat!
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