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A comment on Apple in Talks with US Banks to Develop Mobile Person-To-Person Payment Service. Parent comment

Re:Apple in Talks with US Banks to Develop Mobile Person-To-... by roymurdock on Wednesday November 11, 2015 @04:38PM (#10549495)
Paypal owns Venmo, so they have a fair amount of weight to throw around, especially in the payments/ACH space.
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Re:Apple in Talks with US Banks to Develop Mobile Person-To-... by toomuchtodo on Wednesday November 11, 2015 @04:42PM (#10549535)
Doesn't Apple generate more profit per quarter than Paypal does all year?
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Re:Apple in Talks with US Banks to Develop Mobile Person-To-... by roymurdock on Wednesday November 11, 2015 @04:55PM (#10549619)
Sure, but you might have made the same argument with Facebook when it launched "Poke" (2012) and "Slingshot" (2014) in order to compete with newcomer Snapchat, and we see how that turned out due to poor execution and the incumbency factor.

http://techcrunch.com/2012/12/21/facebook-poke-vs-snapchat-w...

https://gigaom.com/2014/09/04/facebooks-slingshot-experiment...

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