Amex Blocks Curve in Anti-Competitive Move

SnowTiger

LOL.

Looks like Curve has been caught out doing what it got so uppity about its customers doing in September last year.

Shachar Bialick, founder and CEO of Curve:

I’d like to give some more context on the latest MCC change.

Curve was never meant to “hack” the system. Curve was built to streamline and unify the financial system and introduce a singular interface to everything money. We want you to be smart with your finances and have better access and control. Because when you are in control of your finances, you are in control of you.

When we launched Curve, thanks to its unique technology, we expected that some customers would use Curve to recycle cash from a credit card, or worse - get deeper into debt by using credit lines provided by their credit cards to withdraw cash. We knew that eventually we would build a dynamic MCC processing engine, but it would take us time.

When it comes to Amex, all that tosh gets thrown out of the window and Curve itself attempts to '“hack” the system'.

JuicyJesus

Amex are probably quite aware that plenty of people are going to use Curve to get cash/pay off credit cards/etc to earn cashback and points on. I don't blame them, really.

MikeWhite

beany_bot wrote: »

Curve really doesn't have a decent offering now and is clutching at straws. Other that extremely niche situations I don't see how my curve is beneficial to most people now.

An interesting idea but I think it's going to die now.

I am still waiting for Google Pay integration, so that we can use cards not directly supported. If that doesn't appear I have no use for Curve.