Does anyone really want to have their payment info on a phone to avoid the couple of seconds it takes to grab your debit card from your wallet? A tag can easily be placed on the card to do the same thing.
It's already too easy for thieves to grab credit card numbers by hacking into a database - do we really want our money to be stolen off the airwaves?
This as the US is dragged kicking and screaming into chip and pin cards which are much much safer than our mag stripe cards.
