This article is simply wrong.

Paying with plastic is not "just fine". It's completely broken. ApplePay is nothing "like other mobile wallets" -- it is fundamentally better, just as the first iPhone was fundamentally better than the Blackberry.

Furthermore Apple will provide significant financial advantages for the merchants...a reduction in fees (not an increase, as so many pundits erroneously report). This is in addition to a security fix which, as we've seen with Target and now Home Depot, means an elimination of even more financial risk.

For merchants, ApplePay represents the future of credit cards...a future which no other mobile wallet has come close to.

These issues aren't even addressed in this article. Making me think the author is poorly informed about what ApplePay is or is not.