itwbennett writes Working closely with VISA, Apple solved many complex security issues making in-person payments safer than ever. But it's that close relationship with the credit card companies that may be Apple Pay's downfall. A competing solution called CurrentC has recently gained a lot of press as backers of the project moved to block NFC payments (Apple Pay, Google Wallet, etc.) at their retail terminals. The merchants designing or backing CurrentC reads like a greatest hits list of retail outfits and leading the way is the biggest of them all, Walmart. The retailers have joined together to create a platform that is independent of the credit card companies and their profit-robbing transaction fees. Hooking directly to your bank account rather than a credit or debit card, CurrentC will use good old ACH to transfer money from your account to the merchant's bank account at little to no cost.