In reply to Rob Rosenblatt.

So you think merchants saving 2% on interchange is just going into their pockets? By that rationale, you think the 2% they pay today doesn't get passed on to the consumer as higher prices? The merchants just eat it out of the goodness of their hearts?

On the other hand, Apple Pay actually costs the merchant MORE in interchange than they pay for swiped cards. And you think again that the merchants are being nice guys and just taking that out of their profits or do you think they pass those costs to consumers in higher product prices?

Why is Apple Pay looked at as pro consumer when all it did was shove your swiped card into the phone and raised prices on merchants and ultimately consumers? CurrentC is trying to reverse that and get lower costs to merchants and consumers and they are the bad guy??