Apple Pay Rival CurrentC Launching in Limited Trial Next Month as Exclusivity Expires

Discussion in ' News Discussion' started by MacRumors, Jul 24, 2015.

  1. MacRumors macrumors bot


    Apr 12, 2001

    The Merchant Customer Exchange's contactless payment system, CurrentC, is gearing up for a limited trial run next month in the stores of the companies that began backing MCX in 2012, including Walmart, Target, and Best Buy, according to unnamed sources speaking with Bloomberg.

    The service is backed by a large roster of retailers, from Sears to Wendy's, who support the platform as a way to avoid losing integral shopping data to an increasingly competitive market thanks to the likes of Apple and Google.

    CurrentC is different from Apple Pay however, using barcodes and RFID scanners in place of NFC terminals Apple took advantage of with Apple Pay. As Bloomberg points out, it also has a major hurdle regarding the signing of deals with major credit card companies, something it has yet to do.
    Also worrisome for MCX is the three-year exclusivity contract each retailer signed when the company began talks of the CurrentC system back in 2012. Those contracts -- which prohibited partnering with other mobile payment services -- begin to end next month, alongside CurrentC's soft launch in August. The company has already felt the weight of this, as Best Buy announced back in April it would begin supporting Apple Pay within its mobile app, with in-store support gearing up for later in 2015.

    Not long after, MCX's CEO at the time, Dekkers Davidson, left the company, with a spokeswoman telling press that Davidson's exit had nothing to do with the announcement made by Best Buy days before. Payments security analyst Julie Conroy spoke on the subject to Bloomberg, reiterating on the public's trust issues with the company following a hack last year and stating simply, "I'm increasingly skeptical of their chance to really make a dent."

    Article Link: Apple Pay Rival CurrentC Launching in Limited Trial Next Month as Exclusivity Expires
  2. bmunge macrumors 6502

    Mar 7, 2012
  3. Zxxv macrumors 68040

    Nov 13, 2011
    once people see how clunky the experience is compared to apple pay they will laugh and ridicule it.

    You want a monkey experience hire monkeys
  4. sampaul macrumors member


    Aug 22, 2012
  5. TMRJIJ, Jul 24, 2015
    Last edited: Jul 24, 2015

    TMRJIJ macrumors 68030


    Dec 12, 2011
    South Carolina, United States
    Tim Cook: "Haha This is funny .. er wait what is MCX? They aren't important enough for me to know them.
  6. Zxxv macrumors 68040

    Nov 13, 2011
    The poor mans apple pay

    or how to have people laugh at you in public

    beta pay would be more appropriate name
  7. \-V-/ Suspended


    May 3, 2012
    Apply Pay is nice and all ... but it requires an iPhone. There are still millions of people that use other types of phones ... so options are a good thing.
  8. WigWag Workshop macrumors 6502

    WigWag Workshop

    Feb 3, 2011
    Central Ohio (Born and Raised in SE WI)
    I am guessing, Walmart will be the only one that will be supporting this technology, till the bitter end.
  9. mlts22 macrumors 6502a

    Oct 28, 2008
    I don't want it. I remember reading they were hacked last October.

    The big problem is no credit cards. Pretty much just ACH debits. This means, if fraud happens, you are out that cash, and you can't contest it, as you can with credit cards. I'm pretty sure this is why the merchants like it -- no fear of Visa/MC and credit card dispute paperwork.

    Definitely not a service I'd trust around my wallet.
  10. nagromme, Jul 24, 2015
    Last edited: Jul 24, 2015

    nagromme macrumors G5


    May 2, 2002
    I could jump through a million hoops, more awkward than swiping a card, to give a few specific retailers direct, insecure access to my bank account, putting all of the fraud liability on myself while they build and sell a profile on my life.

    Or I could use fast, simple, secure, private, widely-supported Apple Pay that pays out of my existing, fraud-protected credit cards.

    I'll have to sleep on it...
  11. TheIguana macrumors 6502a


    Sep 26, 2004
    Sounds like a case of too little too late.
  12. Planey28 macrumors 6502

    Jul 10, 2010
    Manchester, UK
  13. k1121j macrumors 6502a


    Mar 28, 2009
    New Hampshire
    this is so half baked they should just give up its so stupid i hope it fails i would rather my data stay more private its good to see what companies are looking for that data like the hungry wolves they are
  14. Andres Cantu macrumors 68030

    Andres Cantu

    May 31, 2015
    Rio Grande Valley in South Texas
    Oh CurrentC, in development since 2012, in panic since 2014.
  15. macnewbie91 macrumors 6502


    Jul 24, 2015
    Best Buy, Target, Kohl's, Dunkin Donuts, and others have already started accepting, or will begin accepting Apple Pay transactions in the future. I predict current-C will be dead by Valentine's Day next year.

    Visa & MasterCard are part of the payment transaction(s) for a good cause - they protect the consumer and provide them with zero liability from fraudulent transactions on their account.

    It's aggravating to watch companies get cheaper and cheaper by the day - now it's to the point where the companies are willing to put the responsibility solely on the customer to deal with these types of problems.
  16. gnasher729 macrumors P6


    Nov 25, 2005
    There are alternatives for Android phones. And the way everything is designed, if you accept either of them then the other one comes for free automatically. Actually, if you accept contactless debit/credit cards, both come for free and you'd have to invest extra effort to turn one of them off.

    The point of CurrentC is that it has huge advantages for the trader, and huge, huge disadvantages for the customer. Sellers may be quite happy giving you a rubbish experience if it adds money to their pocket. On the other hand, if one store offers a nice experience that is also safe and doesn't give the seller access to your bank account, and the other store doesn't, where will you go shopping?
  17. JeffyTheQuik macrumors 68020


    Aug 27, 2014
    Charleston, SC and Everett, WA
  18. xero9 macrumors 6502a

    Nov 7, 2006
    And I'm all for options, but this isn't a very good one.

    Also, while I don't know much about it, I believe Android Pay is pretty much identical to Apple Pay, so that covers a very large percentage of mobile users.

    I don't know what the percentage of iPhone users are using iPhone 5s and older devices, but as we move forward those will eventually be replaced with new phones.
  19. macnewbie91 macrumors 6502


    Jul 24, 2015
    There's also these two other payment services called Android Pay, and also Samsung Pay, which use NFC payment solutions just like how Apple Pay works. I cannot believe I have to tell you this.
  20. ElRojito macrumors regular

    May 6, 2012
    That's a long sentence
  21. JFK1979 macrumors regular


    Sep 13, 2014
    Denver, CO
    I use it but I do work for one of the last retailers that carry it. It is ok nothing to brag about. It does saves time and eliminate carring extra cards in your wallet. The neat thing about is that it combines employee discount and loyalty cards and coupons. I know apple will eventually put the loyalty cards on apple pay and that will be the last straw in currentc
  22. MasterRyu2011 macrumors 65816

    Aug 22, 2014
    No credit card support is big. I'm not giving the my checking/debit account information.
  23. xero9 macrumors 6502a

    Nov 7, 2006
    And wasn't that an announced feature of iOS 9?

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