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Originally Posted by Fluribus
Those third parties do add value. Sales.
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In the case of Apple Pay, that remains to be seen. The idea is that they can do the same thing (as far as the consumer is concerned) themselves, and reduce costs, not increase them.
Quote:
Originally Posted by Fluribus
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.
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I don't either, but the consortium clearly does.
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Originally Posted by Fluribus
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.
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I agree. I'll start carrying cash first.
Quote:
Originally Posted by Fluribus
The question is, as I see it: Why would I want the extra hassle and decreased security of their cludgy system?
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I feel the same way about Apple Pay.