Well, that didn't take long. CurrentC, the horrible payment system developed by a consortium of retailers including Walmart, Target, and CVS, has already been hacked. And it's not even being implemented yet!
The retailer consortium (known together as MCX) sent out an email to people who have signed up for the program alerting them that a third party had already accessed their email addresses.
CurrentC will be a rival to Apple Pay and NFC-based payment systems like Google Wallet. This competition is likely one of the reasons why these big name retailers have decided not to support Apple Pay. Unfortunately, in addition to apparently having some security issues, CurrentC is also bizarrely difficult to use (steps involve scanning QR codes and showing your phone to the person at the register).
It's definitely no-good very bad news for CurrentC that its consortium has been hacked before it even launched, but at least no financial information was disclosed. "The CurrentC app itself was not affected," a MCX spokesperson told me. "Unauthorized third parties obtained the e-mail addresses of some of our CurrentC pilot program participants and individuals who had expressed interest in the app. Many of these email addresses are dummy accounts used for testing purposes only," they said. [Business Insider]