It appears that top management at Apple has made a wise decision. They have decided to go slow developing and introducing an Apple mobile payment system.
Having lost a great deal of money personally, developing an online micro-payment system, I can speak with some painful authority.
There are already several mobile payment systems being tested throughout the United States and around the world.
The problem is, not just the cost of introducing new equipment for the retailer, but the real problem is that there is no consumer dissatisfaction with the current general-purpose credit cards.
To create a new cliché:' if something works, let's keep using it'. There will be a new mobile payment system if the current system has significant shortcomings. I do not see people seriously bothered by carrying a credit card.
I do see people bothered by retailers who charge less if local currency, non-credit card, is used. I do see people bothered by the outrageous international credit card fees.
But I don't see a mobile payment system replacing or dealing with these dissatisfactions.
Good for Apple. Intelligent management in this instance.