Something's missing here. What happens at the POS? The current Verifone readers are from the 20th century. Will Apple provide an iBeacon/NFC dongle to all retailers?
I can see Target or Nordstrom making the switch, but what I really want is to be able to buy my Cisco and King Cobra at Leroy's Liquors and Fried Chicken with my iPhone. Will Leroy be Touch ID-compliant?
The big retailers, that's the steak. The little guy is where the sizzle is.