Seems like a likely scenario. Not good for retailers though. EMV + NFC + Apple + Visa = Death Hold Grip on Control of Payments Ecosystem. Retailers if you want to boycott/counter this wave of continued need to adopt new equipment and technologies there is another way not requiring EMV, NFC, new terminals or banks new cards. All this and CNP and physical world fraud are defeated. The solution is so simple you won't believe it. MCX, other major US retail coalitions contact me to discuss. I'm may reveal solution this fall, but why let the momentum build to conform to maintain status quo?

Now is the time, if ever to take a stand lest you (merchants) may be locked in for another decade to more of the same. PayPal are you going to sit around and let this happen? I believe in beacon but there is another way to instantly transform mobile payments and payments period. Besides Apple may also decide to offer an icommerce beacon as part of iOS8. A time may soon come when the gloves need to come off PayPal and merchants, even someday processors if these Kings of Commerce gain too much momentum.