4 ms·
The other major difference between CurrentC and credit card payment systems (including Apple Pay) is the disposition of liability in the event of fraudulent pur
by bradleyland 12y ago
The other major difference between CurrentC and credit card payment systems (including Apple Pay) is the disposition of liability in the event of fraudulent purchases. In the US, credit card holders have extremely limited liability for fraud, and are rarely held accountable at all. CurrentC makes the end-user responsible for fraud, which is terrifying considering the participating retailers' track record for security.
- jarcane 12y agoThat is an element I hadn't considered, and yeah, that's pretty scary indeed, especially in light of the recent email hacking at CurrentC. I was lucky when I lived in the states to have a credit union that largely treated debit as credit re: fraud, but I've known many who were not so fortunate.