@Steve I: Well, actually old chap, now that you mention it................
"Is entrusting credit card verification to banks as irresponsible as giving a child matches?"
..........it would appear so. Although I also do not have much time for the fact that:
" These numbers can be entered manually, so physical access to a card is not needed."
........was something that Cupertino failed to notice was not the smartest thing that they could be associated with.
In short, neither the (w)bankers or the fruity company have exactly covered themselves with intellectual glory on this occasion.