Forget Apple TV Or IWatch: Apple's Next Trump Card Is Mobile Payments | Technology | Minyanville's Wall Street: " . . . The difficulties in offering a mobile payment solution is that it requires the same technological implementation at both the handset and retail level, which is largely why Google's mobile payment solutions (Google offers NFC [near field communication] capabilities in its Android Nexus S smartphone) haven't taken off yet," Adam Grunwerg, editor at
Investing.co.uk, tells Minyanville. But Apple already possesses an ultimate trump card over Google and other competitors: the ability to leverage 500 million iTunes accounts with credit cards. "Apple's iTunes platform boasts over 500 million accounts with a credit card on file, and if they can begin offering fingerprint authorization on their new iPhone, which is very likely given their acquisition of [mobile security firm] AuthenTec last year, then they'll have a huge advantage in reducing fraud transactions and activity, which makes up 5-20% of merchants costs," Grunwerg elaborates. "Furthermore, charge backs and fraud activity are the things that have prevented Apple from offering mobile payment
solutions![](http://images.intellitxt.com/ast/adTypes/icon1.png)
in the past, according to Dan Schatt at PayPal. Fingerprint identification would reduce most of these." (
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