Rumors have long swirled that Apple (NASDAQ: AAPL ) is considering a payments business to take on the likes of PayPal. But will that in any way move the needle on Apple's bottom line, or is it more of a game-changer across the payments market, with ripple effects felt by all the companies vying for this space?
In this episode of The Motley Fool's Where the Money Is, banking and financial services bureau chief Matt Koppenheffer and analyst David Hanson discuss whether it's a matter of when, not if, Apple gets into the payments business and how the company jumping into this space might disrupt the market.
Is this the key to Apple's payment bet?
The plastic in your wallet is about to go the way of the typewriter, the VCR, and the 8-track tape player. 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.