This Invention Will Change Way You Pay for Everything

From eBay to Google and Apple, there are changes coming to how you make a payment. Yet one little-know company is poised to make a major change.

May 10, 2014 at 1:18PM
Loop

The biggest change to your wallet is set to come from a company you've never heard of.

The payment industry
Much attention has been focused on the coming revolution to the way people pay for goods and services. Whether it be the rumors of the journey of Apple (NASDAQ:AAPL), the efforts already exhibited by Google (NASDAQ:GOOG), or the remarkable success of the PayPal unit of eBay (NASDAQ:EBAY), many understand change is set to come.

The news wires have been abuzz about the prospect of Apple jumping into the payment industry following the company recently announcing it now has 800 million active iTunes account users, almost all of whom have credit cards. 

This is in addition to the remarks from Tim Cook, Apple's CEO, during its first earnings call this year, "the mobile payments area in general is one that we've been intrigued with, and that was one of the thoughts behind Touch ID... I don't have anything specific to announce today, but... it's a big opportunity on the platform."  

Google itself has already launched Google Wallet, which allows for its users to pay both friends and stores. And while its vice president of product management and payments said "making money comes later," for Google in its efforts in the payments industry, it is an even clearer picture of a technology titan preparing to enter into payments.

And all of this is to say nothing of eBay's entrenched PayPal division, which processed a staggering $27 billion worth of mobile transactions in 2013 alone.

The new entrant
But the thing about the payments industry is that it isn't just consumers who dictate how things are paid for. In addition, it's the stores -- known as merchants -- who accept the payments through their terminals. As a result, those stores are the ones who would have to pay for new technology to accept mobile payments, and many are resistant to the idea.

Yet one start-up, Loop, has a patented technology that allows individuals to pay on the existing infrastructure without ever pulling out their wallets. It saves stores and consumers both time and money.

In the video below, Motley Fool contributor Patrick Morris chats with Loop co-founder and CEO Will Graylin at the TRANSACT14 conference to talk about his technology, and how it's poised to change the payment industry.

Your credit card may soon be completely worthless
Apple, Google, and eBay understand the plastic in your wallet is about to go the way of the typewriter, the VCR, and the 8-track tape player. But when it does, a handful of investors could stand to get very rich. You can join them -- but you must act now. An eye-opening new presentation reveals the full story on why your credit card is about to be worthless -- and highlights one little-known company sitting at the epicenter of an earth-shaking movement that could hand early investors the kind of profits we haven't seen since the dot-com days. Click here to watch this stunning video.

Patrick Morris owns shares of Apple. The Motley Fool recommends Apple, eBay, and Google (C shares). The Motley Fool owns shares of Apple, eBay, and Google (C shares). Try any of our Foolish newsletter services free for 30 days. 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.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at www.fool.com/podcasts.

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to www.fool.com/podcasts, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.

 


Compare Brokers