how is this a good product? It's essentially making the payment workflow even more complicated for users. NFC or chip+pin is the way to go, as it's more user-friendly.
I actually like the idea of cutting out the middle man and tying in a rewards program. It is not a new idea as it follows reward incentive programs that everyone from airlines to retail stores have had for years. While we can not be sure that the saved credit card fees will not be pocketed, if they are not, then CurrentC could become something great.
The premise itself I am a fan of. Using QR codes however, not so much. The infrastructure can be changed though, if QR codes become too cumbersome, they have the power to change it.
I was being partially sarcastic in my initial comment, but partially serious.
Based on the fact that it will save merchants the credit card processing fee. They'll most likely pocket the difference instead of passing along the savings to the consumer, especially since there's no risk that their competitors will pass along the savings.
