• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Apple

Retailers’ Apple Pay competitor has already been hacked

By
TIME
TIME
Down Arrow Button Icon
By
TIME
TIME
Down Arrow Button Icon
October 29, 2014, 4:43 PM ET
Bloomberg Bloomberg via Getty Images

This post is in partnership with Time. The article below was originally published at Time.com.

By Alex Fitzpatrick, TIME

Apple Pay (AAPL) competitor CurrentC said Wednesday that hackers have gotten their hands on some users’ information, according to a statement from MCX, the service’s developer. The hackers targeted MCX’s e-mail provider, not the CurrentC app itself.

MCX said that the hackers accessed some e-mail addresses of CurrentC pilot program participants and individuals who had expressed interest in using the free digital wallet. MCX, a joint venture created by major U.S. Retailers in part as an effort to avoid paying credit card transaction fees, did not disclose how many individuals were affected, but said many of the stolen e-mails addresses were not of actual users.

“Many of these email addresses are dummy accounts used for testing purposes only. The CurrentC app itself was not affected,” Linda Walsh, a spokeswoman for MCX, said in an e-mail. “We have notified our merchant partners about this incident and directly communicated with each of the individuals whose email addresses were involved.”

The hack targeting CurrentC, which is set for release next year, comes on the heels of news that retail giants CVS (CVS) and Rite Aid (RAD) —two members of MCX—will not accept Apple Pay despite at first allowing the service. A leaked in-house memo indicated that the reason may be the two companies’ involvement with CurrentC. Apple CEO Tim Cook said Tuesday in an interview with The Wall Street Journal that the situation amounted to a “skirmish.”

News of CurrentC’s vulnerability also adds to the less-than-warm reviews of the mobile payment service, which some reviewers say was designed more for the benefit of retailers than for customers. It also boosts the reputation of its competitor Apple Pay, which has championed its customer data security. Apple Pay users registered one million cards on the service in its first three days, Cook said earlier this week.

About the Author
By TIME
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Economy
An unusual Fed ‘rate check’ triggered a free fall in the U.S. dollar and investors are fleeing into gold
By Jim EdwardsJanuary 26, 2026
1 day ago
placeholder alt text
Success
Despite running $75 billion automaker General Motors, CEO Mary Barra still responds to ‘every single letter’ she gets by hand
By Preston ForeJanuary 26, 2026
20 hours ago
placeholder alt text
Commentary
Yes, you're getting a bigger tax refund. Your kids won't thank you for the $3 trillion it's adding to the deficit
By Daniel BunnJanuary 26, 2026
23 hours ago
placeholder alt text
Success
'The Bermuda Triangle of Talent': 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out
By Eva RoytburgJanuary 25, 2026
2 days ago
placeholder alt text
North America
Gates Foundation plans to give away $9 billion in 2026 to prepare for the 2045 closure while slashing hundreds of jobs
By Sydney LakeJanuary 23, 2026
4 days ago
placeholder alt text
Personal Finance
Sweden abolished its wealth tax 20 years ago. Then it became a 'paradise for the super-rich'
By Miranda Sheild Johansson and The ConversationJanuary 22, 2026
5 days ago

Latest in

Personal FinanceSavings accounts
Today’s best high-yield savings account rates on Jan. 27, 2026: Earn up to 5.00% APY
By Glen Luke FlanaganJanuary 27, 2026
39 minutes ago
Personal FinanceBanks
Best CD rates today, Jan. 27, 2026: Earn up to 4.18% APY if you lock in now
By Glen Luke FlanaganJanuary 27, 2026
39 minutes ago
Federal Reserve Chairman Jerome Powell
EconomyFed
Don’t hold your breath for a Fed rate cut any time soon. In fact, some say a hike could be on the cards
By Eleanor PringleJanuary 27, 2026
41 minutes ago
NewslettersTerm Sheet
Exclusive: Pace raises $10 million from Sequoia as enterprise AI collides with insurance
By Allie GarfinkleJanuary 27, 2026
1 hour ago
Coins2Day 500 Europe logo
EuropeCoins2Day 500 Europe
Coins2Day 500 Europe 2026: revealing the leading firms defining Europe’s global future
By Francesca CassidyJanuary 27, 2026
2 hours ago
NewslettersCoins2Day Tech
Minnesota tests Silicon Valley’s business-as-usual attitude
By Alexei OreskovicJanuary 27, 2026
2 hours ago