All items tagged with "MCX"

Apple Pay’s biggest competitor has already been hacked

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

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:

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CVS and Rite Aid block Apple Pay as mobile wallet war heats up

A war for mobile wallet dominance is on the horizon. Apple Pay. Photo: Jim Merithew/Cult of Mac

A war for mobile wallet dominance is on the horizon. Apple Pay. Photo: Jim Merithew/Cult of Mac

Two major pharmacy chains have stopped supporting Apple Pay as merchants in the U.S. take sides on which mobile wallet platform to embrace.

Reports from a couple days ago revealed that Rite Aid had started disabling its NFC terminals, thereby forbidding the use of Apple Pay and Google Wallet. Now CVS has reportedly started shutting down its NFC terminals.

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Did PayPal Just Win The Mobile Payments War Before Apple Even Entered The Fight?

Did PayPal Just Win The Mobile Payments War Before Apple Even Entered The Fight?

PayPal takes a significant lead in mobile payments race by partnering with Discover.

If you thought the heat of the mobile payments industry might cool a bit after weeks of major announcements like the Square/Starbucks partnership, the launch of a new mobile payment company dubbed MCX by several national retail chains, and PayPal’s trial of in-restaurant payments at McDonald’s locations in France, think again.

PayPal announced the biggest partnership yet in the U.S. mobile payments market today – a deal with Discover that will bring PayPal in-store payment to seven million locations next spring.

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With McDonald’s Trial, PayPal Is Trying To Be A Lot More Like The Apple Store

With McDonald’s Trial, PayPal Is Trying To Be A Lot More Like The Apple Store

PayPal looks to expand its mobile payment market share and features with an app-based payment trial at McDonald’s locations in France.

Square’s announcement of its partnership with Starbucks and the launch of new mobile payment company by several key retail and service chains were signs that the mobile payment industry and digital wallet concept is big business. Late last week, however, there was more news on the mobile payments front that proves that the race is far from over – one could even say that it’s barely started.

In a move that could make Square’s deal with Starbucks seem small and limited, Reuters reports that PayPal may soon be expanding its brand of mobile payments to include on the biggest fast food chains on the planet – McDonald’s. PayPal is currently testing a payment system in 30 McDonald’s locations in France. The company demoed the technology earlier this year.

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