ApplePay Broken?

The crooks have not broken the secure encryption around Apple Pay’s fingerprint-activated wireless payment mechanism. Instead, they are setting up new iPhones with stolen personal information and then calling banks to “provision” the victim’s card on the phone to use it to buy goods.

At first, the article makes it seem like ApplePay on the device is broken. But it seems the human element involving the credit card companies is the problem here.