- MCX, the retailer-backed coalition developing Apple Pay competitor CurrentC, has been hacked within the past 36 hours, according to notifications from the company.
- The company, which includes retailers like Wal-Mart and Best Buy in its ranks, says that hackers obtained email addresses of participants in its CurrentC pilot program. The mobile payment solution, said to be a direct threat to Apple Pay, is currently being tested in select Minneapolis-area retailers.
- The news comes just days after retailers began disabling their Near Field Communications systems to thwart the use of Apple Pay in their stores.
Well, this is awkward. The timing couldn't be any worse for MCX, which looks to slow Apple Pay's roll by introducing a competitor with backing from major U.S. retailers. And while the breach seems minor -- garnering only email addresses, some of which were dummy accounts used for testing purposes -- the word "hack" appearing anywhere near a new payment system could be unsettling to potential users.