CurrentC, Off to a Rough Start standard

Last week we saw a flurry of announcements around CurrentC, a merchant-driven alternative payment scheme that is designed to cut the costs from electronic payment processing. Sure, they didn’t demonstrate a great approach to security with the notification of their breach last week, but no payment information was put at risk. CurrentC is designed to work in a similar manner as Apple Pay (enabled by a smartphone), but it platform independent and works using QR-codes to transact business. Essentially, any merchant with a scanner that can read a QR-code would theoretically be able to accept this form of payment. That brings in grocery stores and big-box retail for sure as most use some kind of scanning technology to assist in ...
Continue Reading