Apple Pay’s biggest competitor has already been hacked

by Unknown 10:00 0 comments

Apple Pay’s biggest competitor has already been hacked. Photo: MXC

Apple Pay’s biggest competitor backed by major retailers has been hacked before it even launched.
Retailers like Walmart, BestBuy, Gap, and CVS are waging a war against Apple Pay with their own mobile wallet solution, CurrentC, but the pending doom of their QR-code solution is looking even more obvious now, as the company just alerted customers that they’ve been hacked.

Customers who signed up to use CurrentC were notified today via email that hackers have “obtained the email addresses of some of you.”
Email addresses were the only information the hackers stole (because CurrentC isn’t even out yet), but we doubt this is going to make shoppers eager to share their social security number and bank account info with MCX’s partners, once the app launches next year.
Here’s the email:


To add a funny twist to the hack, MCX – the company behind CurrentC – published a blog post this morning reassuring customers that their data is safe, because they  don’t store sensitives data in the app, it’s up in their super-secure cloud.

“We want to assure you, MCX does not store sensitive customer information in the app. Users’ payment information is instead stored in our secure cloud-hosted network. Removing this sensitive information from the mobile device significantly lowers the risk of it being inappropriately disclosed in a case that the mobile device is hacked, stolen or otherwise compromised.