Apple pay being discussed on CNBC very soon saying how easy it is to use with stolen credit card details. Here's a summary of why its faulty:-
Bad news for Apple Pay. Apparently Apple’s already successful mobile payment service, which launched shortly after the iPhone 6 and iPhone 6 Plus hit the market, is a perfect tool for thieves with stolen credit card data looking to spend your money. A report from The Guardian reported on the problem earlier this month, and a security expert is now also sounding off.
Brian Krebs from KrebsonSecurity published a report recently that details how hackers can buy card verification codes (CVVs for short) on the black market and use those with Apple Pay. The CVVs, Krebs explained, typically cost as little as $1 per stolen credit card and, in the past, have limited thieves to making purchases online. Since Apple Pay doesn’t require you to show proof of a credit card, however, the CVVs can be used with Apple’s mobile payment system and a hacked iTunes account, which often sell for about $8 a pop, to make purchases in physical stores using Apple Pay.
IT'S BETTER TO TRY AND FAIL....THAN FAIL TO TRY! NEVER GIVE UP 
