While I share your intentions, as a practical measure, I doubt Apple could have dictated those terms to their financial partners. Have you ever tried dictating terms to a bank?
De-facto useless organizations like your FISO example with not enough players on board to start with are just lip service. Essentially you're arguing that Apple should be doing the governments job...
I doubt Apple could have dictated those terms to their financial partners.
Have you ever tried dictating terms to a bank?
Why are we talking about banks? They have loads of partners besides banks/financial-partners...
De-facto useless organizations like your FISO example
Having been involved with or setting up [non-financial] organizations, I would hope not to make useless suggestions...
I'm suggesting something along the lines of BrainTree's data portability organization (http://www.portabilitystandard.org/). Apple should be able to get a raft of players on board for something along those lines. If not, my original point stands: Apple was making a useless gesture.
De-facto useless organizations like your FISO example with not enough players on board to start with are just lip service. Essentially you're arguing that Apple should be doing the governments job...