According to the Discover Financial Services, the new Discover Zip is a new payment solution that enables fast and convenient transactions with enhanced security features via contactless technology.
With this device, consumers can simply touch a payment device, which is in the form of either a plastic card or a sticker that can be applied to a mobile phone or any personal item of their choosing, to a Zip-enabled contactless reader to make a payment.
Discover said that currently, more than 100,000 US merchant locations offer contactless readers that accept Zip transactions at the point-of-sale, including quick service restaurants, gas station and convenient stores, retailers and pharmacies, and public transit agencies.
Discover senior vice president of cardmember marketing Mark Scarborough said that the company is always evaluating technology solutions that make things faster, safer, and more convenient for cardmembers.
