In reply to ArchieG.

The difference is that it isn't *only* ApplePay or CurrentC—it's ApplePay/Google Wallet/any other type of NFC payment versus CurrentC. I'm fine with competition between different NFC payment systems, but CurrentC is consumer-hostile and frankly risky in the current IT environment.

If someone breaches ApplePay, you cancel your credit card and get a new one, and the charges never make it to your checking account. When someone breaches CurrentC (and they will), can you cancel your bank account? Sure, after a hacker is done emptying it. So you get to enjoy that 2-week period of being literally broke between when you file a fraud claim and when your bank actually refunds you the stolen money.