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The personal payments space has been heating up lately, with Visa announcing its Personal Payments system, Amex rolling out its digital payment and commerce platform called Serve, and MasterCard also forming its plans for its own personal payments offering.

Not to be left behind, Discover has partnered with PayPal to establish its own payments system dubbed Discover Money Messenger. Discover Money Messenger allows Discover Card holders to send money to nearly anyone for free, and earn rewards on the money sent at the same time.

As the person sending the money, you do not need to have a PayPal account. The recipient of the funds, however, does need to have a PayPal account to claim the funds, though they need not be a Discover cardholder.

Sending money is free and the amount is charged to your Discover card account like a purchase that earns rewards. If you’re sending money to friends or family, there are no fees charged to them to accept the money, but if you are sending money to a business, PayPal will assess the business a fee to claim the funds.

There are account limits to how much you can send per day and per month, and not all Discover cardmembers are eligible for the service, though Discover is not explicitly stating what the criteria are for eligibility. D

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Tags: Payments, Personal Payments

Contactless payments may have seemed like a thing of the future just a few years ago, but today this form of payment is becoming increasingly popular in the UK to pay for lower priced items.

For consumers it means that there is increased convenient and no need to worry about PIN numbers and the like. For retailers it means that transactions can be made more quickly, avoiding lengthy queues that can form when customers cannot remember their PIN or have to sign for purchases.

According to one recent report many credit card companies are welcoming this contactless technology, which involves simply tapping the card on a special reader for the transaction to go through. Mastercard and Visa are already leading the way in contactless technology with their PayPass and PayWave cards providing customers with the ease and convenience of contactless technology.

One of the reasons why credit card firms are pleased with this technology is that it is designed for those that are making low value purchases for ten pounds or less, and in the past most people were reluctant to put the cost of smaller purchases on their credit cards.

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Tags: Contactless Payments, Payments