Don't miss the Apple fanboys reactions at the 'comments' section. Even after the expert that rises this issue states that "other mobile-payment services might be exposed to the same fraud problem, irrespective of origin, scale, intent or patron saint." they crush The Wall Street Journal for publishing an article based on information from someone who develops for Android.
The fantastic thing about this is that you don't need to use Apple Pay or any other Apple product to be a victim of this fraud. Apple and the banks have created a tool to turn any stolen credit card data into a physical credit card. And I'm yet to see 'independent' sites as macrumors.com writing a single word about this!!! 0% information, 100% propaganda. Take a look at the way that Apple publicly reacted to yesterday's massive outage in its online services, "All Green guys. 3 hour outage must be in your head.": http://www.neowin.net/news/apple-services-including-app-store-hit-by-major-worldwide-outage Well, if you don't mind paying $1,300 for a computer "powered" by a Core M processor, like the new MacBook, you'll probably accept anything, anyway.