I could only read a bit of this before needing to step back and smell actual reality

[G+_Josh Frye]

I could only read a bit of this before needing to step back and smell actual reality. Sorry but this isn't about Apple pay, unlike what this article explains (in all its fictional content). As getting rid of NFC also hit Google wallet. It is about using a system that for all reports The Chinese government told it's banks not to use, because they system was getting hacked so much.

 

http://www.itworld.com/article/2839251/why-currentc-will-beat-out-apple-pay-in-the-end.html#tk.ITWNLE_nlt_today_2014-10-28

[G+_Greg G]

Clunky, cumbersome and insecure will never beat easy to use, elegant, secure. I really don't know what these retailers are thinking. This is a battle they can not win and all they will have to show for it is lost sales and an expensive white elephant that people don't like. At some point their cashiers are going to get real tired of being asked why they don't take Apple pay. It will cause conflict at the register, slow things down inefficiently and ultimately these retailers will have to cave in.

[G+_Jeff Stevens]

Easy to use will certainly always beat insecure.

 

As for clunky, I'm not sure CurrentC is harder to use than the others. I just don't know.

 

But to see what power crafty companies can wield over the consumer mind, look no further than wireless carriers.

[G+_Uncle Joe (Uncle Joe Hi]

I don't think the public is going to trust retailers given the news of data breaches of late.

[G+_Greg G]

Jeff Stevens Using QR codes is totally more clunky that the way Apple does it.

[G+_Jeff Stevens]

Greg G   I guess. 

[G+_Jeff Stevens]

Joseph Polk  I am dubious.  The Public wants convenient, not secure.

[G+_Israel Pattison]

How is a conspira...coalition of retailers barring one payment mechanism in favor of their own legal? Is there a chance that this is anti-trust? Is this not exactly what Apple was sued for by the Fed last year - and lost?

[G+_Jeff Stevens]

Israel Pattison  You'd have a lot of trouble making a legal case for why a bunch of companies have to actively buy a particular technology for a particular purpose.  The government of the United States is typically of the "You shall not" variety rather than the "You shall".

[G+_Josh Frye]

I have been wondering this after posting the article. If instead of owing the credit card company (aka one company) you over draft too much and then start owing several companies little sums. Dosen't that nuke your credit score faster??

[G+_Uncle Joe (Uncle Joe Hi]

Jeff Stevens Oh I doubt that. With security issues in multiple large retailers? They do care about security and going to a website and entering in SSN information is going to put them off.

[G+_Jeff Stevens]

If they cared, they would change their behavior. They haven't. So I conclude they don't care.

[G+_Shea McClure]

So what's to stop Google and Apple from declining to put the app in their stores..... Have fun pushing your crappy payment service.

[G+_Uncle Joe (Uncle Joe Hi]

Shea McClure Exactly. Then it's an HTML5 app which won't be as responsive.

[G+_Shea McClure]

Joseph Polk Let's face it, consumers aren't tech savy. If there isn't an app, they won't be able to figure it out. Apple and Android purists won't use it out of protest. This payment system is doomed.

[G+_Josh Frye]

We are forgetting one big thing with the Current C program... In order to use the APP/wallet at all "YOUR phone MUST have a Data connection" for the entire transaction.

[G+_Uncle Joe (Uncle Joe Hi]

Shea McClure And people will confuse it with Apple Pay too. "Oh this is the Apple Pay thing?" "No, it's called CurrentC." "Oh, I haven't heard of that. Here's my card/cash."

[G+_Josh Frye]

The current C group speaks out and apparently admits they were already hacked.

 

http://www.cnet.com/news/retail-group-mcx-says-its-not-telling-merchants-to-block-apple-pay/#ftag=CAD590a51e