<p><pre><code>    It seems to be that squeezing between iPhone owners and everyday 
    purchases would be very lucrative
</code></pre>
And something that Banks will very strongly oppose. How many places can you use Apple Pay right now? I <i>love</i> Android Pay, but the only store I can use it at is Walgreens -- no where else I go takes it. Banks still hold a huge amount of power at the point-of-sale market, and they will not give up their margins to Apple.