News for hackers. Stuff that matters.

A comment on Hands on with Apple Pay Competitor CurrentC.

Re:Hands on with Apple Pay Competitor CurrentC by prplhaz4 on Thursday November 05, 2015 @11:58AM (#10514449)
Did more research - it seems like this article is wrong about fraud liability (in addition to QR tokenization). There are plenty of things wrong with CurrentC, no need to make stuff up...

To further protect CurrentC™ consumers, our zero-liability policy protects consumers in the event unauthorized or fraudulent charges are made to their checking account as a result of unauthorized ACH transactions processed through BIM.

http://finance.yahoo.com/news/mcx-adds-bim-guaranteed-ach-17...

[ Parent | on HN ]
Re:Hands on with Apple Pay Competitor CurrentC by mfringel on Thursday November 05, 2015 @12:05PM (#10514501)
Even with a zero-liability policy, the money is coming directly out of your bank account, and will be put back in eventually, after investigation.

Since the only person that's out money is you, no one has financial incentive to speed the process.

[ Parent | on HN ]
Re:Hands on with Apple Pay Competitor CurrentC by serge2k on Thursday November 05, 2015 @02:08PM (#10515465)
Their policy, not the credit card companies policy. I'd much rather be protected by visa/mastercard.
[ Parent | on HN ]