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Thank you very much for writing this David. About time someone did.

If you think from the customer perspective, this will help alleviate fear of contactless payments (a separate top-up account like an Oyster card as opposed to directly linked to your bank account) and help drive adoption rates when the 'real thing' finally becomes available. I think it's one of many steps in the right direction.

In an age when mobile operating systems like Tizen, Android and iOS are being used to power Fitness Trackers, is it too far fetched to reason that something with a simple capability like an ATM should have a custom operating system? I don't think there was ever a time when using windows to power an ATM was a good idea. Now that the ability is out there with the availability of so many OS options, it's time ATM manufaturers realised that change is innevitable and necessary...quickly

Paypal charges a fee for their P2P payments (or at least they did when I last used it in August 2013). I'm guessing Paym is going to be free a la Pingit, which definitely makes it 'evolutionary' if not 'revolutionary'.

Eric, some very good points there. Agree 100%. Thing is, with so much of our personal data out there on the internet today, many people don't even know WHAT is available to dragnet searches. I wonder how many people have gone beyond the point of simply 'Googling' themselves. The point I'm making is that I might even be comfortable sharing that data, focused or not, if I trusted the companies doing it. At this point, I don't trust them. They haven't given me a reason to.