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No-contact payment is exactly the kind of secure piece of engineering we needed. Especially after the iCloud debacle. /s

Actually, this has been working great in other first-world countries for years.

The U.S. is one of the last places to get this.

Apple doesn't store the card details on their servers. So that's irrelevant.

If someone steels your iPhone it's not.

Well, they would have to steal your thumb as well. That's the whole point: It's encrypted using TouchID