tim... wrote
Michael Chare wrote

Is this something that you welcome?

nope

More fool you.

haven't the faintest idea what it is supposed to do for me

Thats obvious. It will make it easier for
banks to offer better banking features.

(and that isn't because I haven't looked)

Does it increase the risk of fraud?

difficult to see how it wont

Corse it wont. Its completely trivial to
secure banking transactions properly.

ApplePay already means that you no longer need to
give a damn about what some dodgy merchant has
done with their transaction terminal, the merchant
terminal never gets anything that can be used for other
than the transaction you personally authorise after you
have left the store or done the online transaction.