I found paywave a great improvement over the previous "best" which was sig/pin less payments (under $50 or $20 from memory) which in turn was better than pin, which in turn is better than signature. Better in terms of how quickly and easily I can pay for something.

My phone is going to be a lot quicker to grab than my credit card, and this way it has better security.

As much as you say consumers don't care about security I still think some people will use this where they wouldn't use plain paywave because it's more secure.