Starting next October (2015), the liability of fraud will shift from the issuing bank to the merchant/card issuer. So Apple is ripe to take advantage of this because most (I assume) merchants will want customers to use Credit+chip or Mobile NFC because they will lessen the risk of someone committing fraud with a stolen CC. This will mean upgrades across the nation. Even card issuers like Walmart will want all its stores to upgrade.
Starting next October (2015), the liability of fraud will shift from the issuing bank to the merchant/card issuer. So Apple is ripe to take advantage of this because most (I assume) merchants will want customers to use Credit+chip or Mobile NFC because they will lessen the risk of someone committing fraud with a stolen CC. This will mean upgrades across the nation. Even card issuers like Walmart will want all its stores to upgrade.