How Apple Disrupts Mobile Payments

By Steve Heller – Aug 29, 2013 at 11:00PM

NASDAQ: AAPL

Apple

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$2,623B

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(0.09%) $0.15

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$170.04

Price as of April 26, 2024, 3:38 p.m. ET

Talk about turning an industry on its head.

By utilizing the fingerprint-sensing technology from its AuthenTec acquisition, Apple (AAPL 0.09%) could easily turn the world of mobile payments on its head. Just imagine the possibilities of simply using your iPhone and your fingerprint to pay for everyday life.

Such a move would revolutionize the mobile payment experience, which currently remains a challenge for users. Presently, entering your billing and payment information from a mobile device is somewhat onerous.

In the follow video, Fool contributor Steve Heller makes a case for why it's practically a no-brainer for Apple to move into the mobile payments business, and how such a move would undoubtedly put a target on eBay (EBAY 1.32%) PayPal's back.

Fool contributor Steve Heller owns shares of Apple and eBay. The Motley Fool recommends Apple and eBay. The Motley Fool owns shares of Apple and eBay. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.