By utilizing the fingerprint-sensing technology from its AuthenTec acquisition, Apple (NASDAQ:AAPL) 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 (NASDAQ:EBAY) PayPal's back.