Walmart's Apple Pay Rival 'CurrentC' Just Got Hacked and Email Addresses Were Stolen

[dgstorm]

Recently we shared a story that a consortium of companies which included Walmart, Best Buy, Rite Aid and more were refusing to accept Apple's new Apple Pay mobile payment platform because they were working on their own alternative which is called CurrentC. The consortium spear-headed by Walmart is called MCX and they claim that their CurrentC platform is “a payment option that is widely accepted, secure, and developed with [customers'] best interests in mind.”

It turns out that they were exaggerating when they described their system as "secure." According to the latest reports directly from MCX, the CurrentC mobile payment platform (which is in its trial test run) was just hacked and an unspecified number of email addresses were stolen. Here's the statement from MCX,

Within the last 36 hours, we learned that unauthorized third parties obtained the e-mail addresses of some of our CurrentC pilot program participants and individuals who had expressed interest in the app. Many of these email addresses are dummy accounts used for testing purposes only. The CurrentC app itself was not affected.

We have notified our merchant partners about this incident and directly communicated with each of the individuals whose email addresses were involved. We take the security of our users’ information extremely seriously. MCX is continuing to investigate this situation and will provide updates as necessary.

It doesn't seem that Walmart's CurrentC is off to a great start, and it doesn't exactly inspire confidence in the service...

Source: Business Insider

 

[scifan57]

So much for security, not a great way to inspire people to use this payment system.

 

[luches]

yes it's a long way that they should go to give us the confidence to use it