[The_Magistrate]

Currently, yes. The article is positing that once Apple has the infrastructure in place for end-to-end transactions, removing the VISA/MC puzzle piece will be easy. Ultimately, you'd put money into an Apple account and spent it on your iPhone.

[TheLogothete]

I don't think you are very familiar with how the payments industry works. Credit cards offer much more than a means to pay. Apple will need to double their headcount to compete with Visa. Or do you think that this is a feasible scenario?

[martin_drapeau]

I don't think so. The payment industry is over complicated and in my mind a real commodity. Apple is in a good position to simplify that.