Yes
DetectiveSanity
It's also very much dependent on the country you are on! There are certain countries "India being recent" that restrict Apple from applying the same functionality everywhere!
I would avoid using an employer supplied device for personal use! More often than not these devices are "managed devices" which consists of management profiles that could grant all sorts of permissions from normal diagnostics, restrictions to location, camera and more!
With that said Apple in such case would become the middle man in relatio to the transaction! That means that Apple pay would retain the purchase logs on your card and ~~send a apple.com description to your bank~~ to mask all your purchases! In theory you'd be given more privacy in relation to your bank but you'd be introducing a third party in the process and more potential failure points!
You really need to make lobbying illegal! From my point of view all of this is happening because you've allowed your government to be funded by whomever!
Life is a balance of interests and billionaires seem to have a grip on your congress's ones! Yet I doubt any of that is to happen since y'all rotating the same rotten individuals for the last 40 years!
Your hopes of living in a truly free country died with Kennedy!
What's the damage that this will cause?
As expected the document is filled with excessive bloat about cybersecurity and it's damages to the point most would be brainwashed before the final sentence.