The "consequences" are meaningless since they'll be out of business within a year.no one will use this system.
Wow they are in some serious spin mode. Pathetic product will fail miserably.
Stop trying to make CurrenC happen. It's not going to happen.
Go away and die now MCX.
Verge's interviewer should've asked about CurrentC's reliance on using ACH direct debit payment method, which offers little to no protection for customers. To me, that is more detrimental to CurrentC's adoption than it using awkward QR code (MCX CEO referring to Starbuck using legacy QR code is rather laughable, however) or penalizing alternate mobile contactless payment methods.
I don't know if anyone else here has the same experience, my friends say they do, but I do use the Starbucks app to pay for my coffee when I go there, and the little reader they have sitting on the counter facing the customers scans the barcode on the phone screen. It NEVER immediately recognizes the code, it always takes a few seconds of me passing the phone over it at different angles. It is nowhere near as flawless as Apple Pay.
Same thing with the Best Buy app. I have my rewards info in there and when I have a certificate I want to use, they always try and scan the screen and sometimes it works, but takes them several tries, and sometimes it doesn't work at all and they have to enter it manually.
Here QR Codes are used by the railway company to read mobile tickets and the same issues you describe happens. The app has to switch the display at max brightness when you open the code and the reader always requires multiple scanning attemps.
Talking with one of the clerks he stated that reading codes printed on paper is much quicker and usually requires only one attemp, so maybe the issue is that for some reason reading from displays is more difficult or requires specialized scanners.
There are never credentials in my device at the point of sale, it all occurs in a secure server.
I don't get it. America FINALLY has NFC payments after all these years and it'll still need dragging into three years ago because of lousy and late solutions such as this.
I just don't get it. CurrentC is a complete waste of everybody's time and nobody could care less about its perks because nobody is going to use it in a world where NFC is already a standard and far far superior to using bloody QR codes.
I don't get it.
In the UK I have a loyalty card with Tesco which is a supermarket. When we pay by debit card or cash we just hand over our loyalty card which is attached to our keys as a tiny keyring and they swipe it.
I found it funny that whilst Tescos own bank issue NFC cards, they don't accept NFC at the checkout. (At least in my local stores)