Apple&#x27;s major advantage over Venmo and others is that they don&#x27;t need to make money off the payment service. They can give this away for free, because they really care about the device margin. And using geo+TouchID would make for a very secure service, minimizing fraud problems that competitors would have to deal with.<p>Apple&#x27;s in a unique position to make this happen. And yes, it could be bad news for Square.