Discover Financial Services (DFS), eBay Inc (EBAY), And How Apple Inc. (AAPL) Can Help

While the terms of the agreement and details of the relationship between Discover Financial Services (NYSE:DFS) and PayPal are sparse, a boon in both PayPal acceptance and use at merchants worldwide will yield results to Discover’s bottom line.

Intuit
The final company worth mentioning is Intuit Inc. (NASDAQ:INTU), maker of the popular the TurboTax, QuickBooks, and Quicken software for small businesses and consumers. In March of 2009, Intuit Inc. (NASDAQ:INTU) launched its GoPayment services for small businesses. In January of 2012, it also announced a free card reader that allows users to simply accept payments through their mobile phones.

The company saw total revenue from its Payment Solutions group grow 20% year over year in 2012 and 14% in 2013 — its companywide revenue only grew 10% each of those years. It has also seen great success in its mobile platform for taxes, which grew usage by almost 300% in 2012.

Source: Company Earnings Release.

If Intuit is able to leverage its successes in the software markets to the mobile payments space, it could see its revenue from its Payment Solutions business grow even quicker than the 15% annual pace it has seen over the last three years.

Certainly with all three of these companies, there’s a lot of speculation, and there’s a chance an unknown or unnamed company could take the mobile payments crown. However, these three stand poised to benefit if consumers around the world become more comfortable with the idea of using their phone as a wallet.

The article 3 Stocks That May Be Boosted by Apple’s New Technology originally appeared on Fool.com and is written by Patrick Morris.

Patrick Morris owns shares of Apple and Discover. The Motley Fool recommends Apple, eBay, and Intuit. The Motley Fool owns shares of Apple, eBay, and Intuit.

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