So instead of using the existing interchange services that work completely awesomely, and have really low fees, we should develop a new thing that will eventually work just as well once all the work is done on it?

Debit cards already allow me to make payments directly from my bank account, and do so for a very low fee.

I see no advantage to this, nor why he's targeting Apple Pay as some nefarious waste of resources (other than click bait).