Quote:
Originally Posted by taustin
They want to make their own because it will cost them less. Not much per sale, no, but with millions of sales per day, it adds up to a lot of money. If they can do it as well themselves (which is the big question), why should they pay a third party a cut for no added value?
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Those third parties do add value. Sales. I understand why they want to cut credit cards out of the loop, which seems to be what this is about. But they haven't cut them out previously, because they can't afford the lost sales. I don't think CurrentC will turn out to be the end-run that they want it to be.
I certainly won't be giving them access to my bank account. I wouldn't have been willing even before all of the big retailer breaches that have been in the news.
The question is, as I see it: Why would I want the extra hassle and decreased security of their cludgy system?