Apple has done nothing with NFC? Interesting, because Apple Pay has forced everyone in the industry into the payment processing business - all by figuring out the steps to adoption, that being making it more secure and enticing for both consumers and banks. Getting fingerprint sensor right involved no swiping and making it convenient, while also not storing your fingerprint data in an open text file. Oh, and putting it in hardware that isn't fragmented by throwing stuff at the wall. You are aware that you can count on one finger the number of phones that had a fingerprint sensor before the iPhone, right? And that the phone flopped?
Well aware that OLED is in the watch, even as I typed that, I was referring to the phone.
The context of the original quote wasn't lost. Apple's already got this technology in house, you're going to have a hard time finding an example you can even compare. This would be like them waiting for someone else to invent liquid metal before they use it - not that I think that it's anything to write home about anyway.
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It is, most assuredly, NFC...which is why it works with NFC terminals.