Comments on: What is the next industry Apple can disrupt? Banking!

By: Hm

Hm — Thu, 22 Mar 2012 17:47:26 +0000

Apple ain’t going to start a bank, they’re just going to keep making things easier for existing banks and financial companies to reach customers. Just because they *could* reinvent banking, doesn’t mean they *should*. But here’s what constantly surprises me: competitors, non-competitors and joe public at large continue to sit back and speculate about what Apple could disrupt or change, instead of getting on with it themselves. Is Apple the only company willing to actually change things these days? S’a pretty sorry state of affairs…

By: PFC

PFC — Thu, 22 Mar 2012 06:58:43 +0000

I would use IMPROVE instead of DISRUPT.

By: JLB

JLB — Wed, 21 Mar 2012 21:16:48 +0000

They could disrupt any number of industries.
With $100b Apple could start making baseball bats or electric cars or refrigerators or boats or lawnmowers or Mars rovers. They could buy Twitter or IBM or Facebook or Caterpillar or IKEA or Ryobi or Lego or Greece.
If you ask people if they’d buy furniture made by Apple. Why not?
This speculation is pointless and a sure sign that there are too many tech journalists sitting in their cubicles with nothing to write about.

By: Venkatakrishnan Guruprasad

Venkatakrishnan Guruprasad — Wed, 21 Mar 2012 09:57:19 +0000

If you’re in everything, you’re in nothing. IBM probably knows this better than anyone and I believe that Apple might have seen that. Better to be in mobile related services than banking. Starting a financial services is one of the dumbest strategy that would be done by Apple.

By: Q3 technologies

Q3 technologies — Wed, 21 Mar 2012 05:59:34 +0000

As soon as saw the credit card reader by PayPal, I understood that mobile and banking are now integrating seamlessly. It'll be interesting to see what mobile manufacturers incorporate in their design and hardware to fulfill these needs. Software Technology Blog

By: Lindsworth Horatio Deer

Lindsworth Horatio Deer — Wed, 21 Mar 2012 02:52:32 +0000

Apple has the Amazon Kindle Fire and the possible Amazon smartphone that amazon is set to reveal soon to worry about

http://mythoughtsontechnologyandjamaica.blogspot.com/2012/02/amazon-set-to-launch-smartphone-in.html

By: Peter Deep

Peter Deep — Tue, 20 Mar 2012 21:38:30 +0000

Talk about the easiest way to fall from grace with the public. People love to hate their bank.

By: Matt Peterson

Matt Peterson — Tue, 20 Mar 2012 18:11:01 +0000

Considering their transaction fees for the app store, I’d be a bit put off by paying them 30% of my ATM withdrawals.

By: Brian Roemmele

Brian Roemmele — Tue, 20 Mar 2012 16:10:52 +0000

Ryan, Great insights as always! There is no doubt that Apple will implement NFC hardware into iOS devices. Of course there is the patents you mentioned. But there are other points. Apple released it’s supplier list recently. Interestingly they listed NXP Semiconductors, the inventors of the NFC protocol. Now NXP Semiconductors does sell other chips, but they are redundant to chips Apple already uses. More info can be found here:

http://www.quora.com/Why-does-the-current-iPhone-lack-NFC-support/answer/Brian-Roemmele

Apple also hired Benjamin Vigier, in August 2010, he created the first NFC wallets and Starbucks Card Mobile. I have little doubt that Benjamin’s abundant expertise is left toiling on projects that do not include Payments and NFC.

There are other things that point to a certainty that Apple will at the very least facilitate Payments through an iOS device. I think Apple has no desire issuing Payment Card like products or processing Payment Cards. This would mean they would connect Visa and MasterCard to Merchants and Consumers and earn income from this arrangement.

In light of PayPal’s expansion in to Retail Payment Card processing and Square’s astounding success, Apple’s entry will completely challenge both.
In my view it is not a matter of if Apple will do this, it is a matter of when.

By: Nicholas

Nicholas — Tue, 20 Mar 2012 14:24:02 +0000

Certainly DoCoMo bought a bank to provide services. The question would be, what new services could be developed to make such a bank attractive? And, do people bank based on those services?