CurrentC, an Apple Pay Rival, Gets Hit by Hackers

CurrentC, the retailer-backed mobile-payment system touted as an alternative to Apple Inc.’s platform, was hacked during a test of the technology, resulting in some e-mail addresses being stolen over the past 36 hours.

Merchant Customer Exchange, or MCX, the retailer group that is running CurrentC, was attacked by hackers because it’s challenging the status quo in the payments industry, Chief Executive Officer Dekkers Davidson said.