Discover's new deal with BilltoMobile looks like yet another way to cover its bets as mobile payments evolves in multiple directions.

South Korea-based Danal Co. Ltd.'s BilltoMobile, which has connections to the top four major U.S. mobile carriers, on March 27 announced a marketing agreement with Discover Financial Services designed to refer some of Discover's "marquee" e-commerce customers to BilltoMobile.

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