Why CurrentC Will Beat Out Apple Pay

Posted by timothy on Tuesday October 28, 2014 @04:59AM from the some-downsides-might-strike-your-mind dept.

itwbennett writes Working closely with VISA, Apple solved many complex security issues making in-person payments safer than ever. But it's that close relationship with the credit card companies that may be Apple Pay's downfall. A competing solution called CurrentC has recently gained a lot of press as backers of the project moved to block NFC payments (Apple Pay, Google Wallet, etc.) at their retail terminals. The merchants designing or backing CurrentC reads like a greatest hits list of retail outfits and leading the way is the biggest of them all, Walmart. The retailers have joined together to create a platform that is independent of the credit card companies and their profit-robbing transaction fees. Hooking directly to your bank account rather than a credit or debit card, CurrentC will use good old ACH to transfer money from your account to the merchant's bank account at little to no cost.

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SystemD! by Anonymous Coward · 2014-10-28 05:05 · Score: 1, Funny

SystemD does the same thing as CurrentC, but backwards and in high heels!
Re: Not a chance by mcelrath · 2014-10-28 05:07 · Score: 5, Funny

And instead you get to wait 4 days for transactions to settle. You'll never know your balance! It's fun!
Bitcoin, people. The answer is bitcoin.

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1^2=1; (-1)^2=1; 1^2=(-1)^2; 1=-1; 1=0.
Nope by null+etc. · 2014-10-28 05:09 · Score: 3, Funny

Not even my wife has access to my bank account. Nice try, honey.