iMore:
Just as quickly as CurrentC popped into the limelight, questions arose around the companies intentions. Even though I don’t have an invite for CurrentC’s invite-only mobile payments and loyalty rewards system, I decided to take a look. I posted some initial findings on Twitter and a brief summary on iMore, but wanted to do a more in-depth technical post for anybody who was curious.
Hard to believe this is going to actually go anywhere even if it does get released as expected next year.
By the time it rolls out Kmart will be the only trying to sign up customers. The current license holders (e.g. CVS) will pay big penalties if they allow Apple Pay in their stores. Once that restriction is lifted then they’ll move over.
Come Oct 15th next year they’ll have to open up to NFC again with chip and sign coming. They may as well do it willingly once the penalty clause expires.
Actually no retailer has to support NFC or EMV. But if they don’t and there is a fraud complaint they may be forced to eat the loss themselves instead of the credit card processors covering it
Has this thing been given an official -gate suffix yet ?
I don’t care about data collection, I participate in loyalty programs already. But there is NO WAY I’ll let any merchant direct access to my bank account.