CurrentC’s Apple Pay ban to expire in ‘months, not years’

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

The seemingly never-ending saga of Apple vs. CurrentC may come to an end sooner than expected. When CVS and Rite Aid turned off NFC support to block Apple Pay, it became clear that were backing CurrentC, a rival mobile wallet service coming in 2015.

Despite repeatedly denying any sort of enforced Apple Pay ban, MCX, the consortium behind CurrentC, is holding its merchant partners to an exclusivity agreement. The good news is that the agreement is set to expire in less than a year.

Apple Pay’s biggest competitor has already been hacked

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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:

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

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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.

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

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