Recently we shared a story that a consortium of companies which included Walmart, Best Buy, Rite Aid and more were refusing to accept Apple's new Apple Pay mobile payment platform because they were working on their own alternative which is called CurrentC. The consortium spear-headed by Walmart is called MCX and they claim that their CurrentC platform is “a payment option that is widely accepted, secure, and developed with [customers'] best interests in mind.”
It turns out that they were exaggerating when they described their system as "secure." According to the latest reports directly from MCX, the CurrentC mobile payment platform (which is in its trial test run) was just hacked and an unspecified number of email addresses were stolen. Here's the statement from MCX,
It doesn't seem that Walmart's CurrentC is off to a great start, and it doesn't exactly inspire confidence in the service...
Source: Business Insider