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Mobile payment applications were created for the sole purpose of getting the shops begin to stop using credit cards. CurrentC and Rite Aid made headlines earlier this week to compete with Apple's payment technologies tjmaxx homegoods and Google Wallet. The consortium which belonged those stores, known as MCX (Merchant Consumer Exchange), wanted to boost its own paid app called CurrentC. CurrentC is a paid application that does not integrate any new technology, regarding services that work with NFC, this app allows payments in establishments using QR codes. But last Wednesday, those taking part pilot CurrentC plan received a warning MCX: the program was hacked in the last 36 hours, and the criminals managed to make the email addresses of anyone who enrolled in the program. MCX confirmed the hack and confirms that it is a difficult start for an application that pretends to be Apple and Google Wallet competitor. CurrentC has also begun to be analyzed because the data it collects from customers. Out its privacy policy confirms that application requests "driver's tjmaxx homegoods license, Social Security number and birth date to authenticate the identity" and promises to "not use such information for marketing purposes." Source: CNN
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