> None of the banks have the expertise to safely implement NFC on my phone. They deploy equipment built by others, using transaction models designed by others,

> None of the banks have the expertise to safely implement NFC on my phone. They deploy equipment built by others, using transaction models designed by others, and simply collect money for making sure the systems are functioning. This is an important point worth re-emphasizing. This isn't a case of Apple vs Banks, it's a case of Apple vs Various Technology Integrators With Multiple Layers Of Subcontractors.