6% FRAUD hits APPLE PAY.

Usually internet FRAUD is around 3% and when you hit over 1.5% most companies have their merchant accounts pulled.

6% FRAUD means Apple Pay is DOOMED.

This is great news for new digital currencies such as Bitcoin IMO.

https://www.nytimes.com/2015/03/17/business/banks-find-fraud-abounds-in-apple-pay.html