CurrentC and Data Breaches

Discussion in 'iPhone' started by JoeTomasone, Oct 25, 2014.

  1. JoeTomasone, Oct 25, 2014
    Last edited: Oct 28, 2014

    JoeTomasone macrumors 6502a

    Aug 8, 2014
    So in the wake of CVS' disabling of NFC/Apple Pay/Google Wallet in favor of CurrentC, I decided to take a quick peek into how many of the MCX members (the retailers behind CurrentC) have reported data breaches. After all, if they want me to provide my bank account number to them so CurrentC can do ACH debits from my account to pay for my purchases, I'd expect them to be pretty good stewards of data, right?

    Well, of the 57 members I could identify, nearly a quarter have reported breaches. Remember, ACH debits have limited consumer protections compared to credit cards, with a wholy unfriendly procedure to recover stolen funds. And, unlike a bogus credit card charge that you don't have to pay while it is in dispute, with your bank account, YOU LOSE THE MONEY and have to fight to get it back.

    Use CurrentC? I think not.

    Since it seems likely that all MCX members will either disable or never adopt Apple Pay or Google Wallet in favor of CurrentC, you might also elect to use this list as a handy reference of places to avoid patronizing.

    7-Eleven		[URL=""][/URL]
    Acme Fresh Market			
    Bahama Breeze			
    Banana Republic			
    Bed Bath & Beyond			
    Best Buy		[URL=""][/URL]
    Buy Buy Baby			
    Capital Grille		[URL=""][/URL]
    Christmas Tree Shops			
    Circle K			
    Dick’s Sporting Goods			
    Dunkin Donuts			
    Eddie V's			
    Exxon Mobil		[URL=""][/URL]
    Face Values			
    Giant Eagle			
    HMS Host			
    Hobby Lobby			
    Kmart			[URL=""][/URL]
    Kum & Go			
    Longhorn Steakhouse			
    Michaels		[URL=""][/URL]
    My Goods Market			
    Old Navy			
    Olive Garden			
    Philipps 66			
    Price Rite			
    Quik Trip			
    RaceTrac		[URL=""][/URL]
    Rite Aid			
    Sams Club		[URL=""][/URL]
    Sears			[URL=""][/URL]
    Seasons 32			
    Shell			[URL=""][/URL]
    Shop Rite			
    Southwest Airlines			
    Target			[URL=""][/URL]
    Walmart			[URL=""][/URL]
    Wendys			[URL=""][/URL]
    Yard House			
    Conversely, here's a link to a list of known merchants that DO accept Apple Pay:
  2. CaptMarvel macrumors 65816


    Sep 20, 2014
    North Carolina
    paying with cash still prevails, but I'm sure one day even it won't be accepted somewhere.
  3. dontwalkhand macrumors 601


    Jul 5, 2007
    Phoenix, AZ
    When I worked at Walmart, and my shift started at 7AM, and I was running register, I wouldn't see my first cash transaction until noon time. Most people pay with card.
  4. Bacong macrumors 68020


    Mar 7, 2009
    Westland, Michigan
  5. CoilTap macrumors regular

    Sep 19, 2014
    How does paying with cash prevail? Cash doesn't give me rewards or cash back or fraud/theft prevention. I never use cash unless I have absolutely no choice. Cash is for hobos.
  6. ttmrn macrumors regular

    Oct 6, 2014
    totally agree. same here.
  7. Oppressed macrumors 65816


    Aug 15, 2010
    I hate this service so much and it isn't even out! The company behind it wants to completely disable their competitors services from their stores even though their own service isn't out yet! How can these stores stand behind CurrentC? How did CurrentC suddenly have such a powerful say in such big name brand companies that they can dictate their POS systems and customer experience? What is really going on here because this sounds crazy?
  8. T5BRICK macrumors G3


    Aug 3, 2006
    The group of retailers created MCX which created CurrentC.
  9. terraphantm macrumors 68040

    Jun 27, 2009
    The big brand name companies all came together and formed MCX - Merchant Customer Exchange. They essentially created CurrentC together. Their goal is to eliminate the CC processing fees and gain more information about their customers (including things like health data)
  10. wxman2003 Suspended

    Apr 12, 2011
    My question is what are YOU going to do about it? Stop shopping at all those stores and only shop at stores with NFC? Good luck with that. In the meantime, you will swipe your card at other stores, hand over your card to servers at restaurants, and you will still get hacked.
  11. JoeTomasone thread starter macrumors 6502a

    Aug 8, 2014
    Quoting myself from another thread:

    "No, that's obviously not feasible, certainly at this early date. However, I absolutely will choose a retailer that supports Apple Pay over one who does not, all things being otherwise equal. I've moved my prescriptions from CVS to Walgreens, I will shop Home Depot instead of Lowe's, will eat at McD's instead of Wendy's, and will buy electronics at Radio Shack instead of Best Buy."

    Obviously Apple Pay is in its infancy, but it's a promising one. As more and more retailers support it, I will have more and more choices of places to use it, and perhaps one day I won't have to make those choices since it will become ubiquitous. It's a long way off, but at least *someone* is trying to make it happen.
  12. Ceviche Lover macrumors regular

    Jul 15, 2012

    Calm down
  13. Oppressed macrumors 65816


    Aug 15, 2010
    Well it is a bit ridiculous. After reading the details it shows how money hungry those companies are. Yes I know companies are suppose to make profit, but at such a huge cost to the consumer it feels wrong. I just hope Apple and Google ban their app. Which should fix the problem.
  14. TraceyS/FL macrumors 601

    Jan 11, 2007
    North Central Florida
    I handle A lot of cash a day as a cashier. A lot. A big chunk from people expressing they are fed up with breeches and going back to cash.

    The next chunk of guests are so loyal to their rewards/mile card it borders on comical.

    As a cashier, I feel the management and executives are totally out of touch with the actual thoughts and feelings of their average guests. It is an amusing thing to watch at time - I have to laugh or I might cry.

    The next year will be interesting to see play out in regards to payments and such....
  15. JoeTomasone thread starter macrumors 6502a

    Aug 8, 2014
    What would be more amusing would be for MC/Visa/Amex to cancel their card charging agreements right around Black Friday.

    CurrentC is really an attack on them and the banks.
  16. yg17 macrumors G5


    Aug 1, 2004
    St. Louis, MO
    I was at Target yesterday. The cashier started asking me to sign up for a red card and I interrupted her halfway through her spiel and told her I wasn't interested. I have no problem using my credit cards there because I know I'm not liable for a dime if they get hacked again. But it will be a cold day in hell before I give Target or CurrentC or anyone a direct line to my checking account.

    How is that comical? If I can get rewarded for using my card, why shouldn't I use it every chance I get?
  17. mcdj macrumors G3


    Jul 10, 2007
    One thing's for sure, that list of chains makes me very embarrassed to be American. Half of them are basically Chinese offloading docks; the other half are waiting rooms for diabetes clinics.
  18. Romy90210 macrumors 6502

    Sep 18, 2013
    I do not know about you PPL but I will NOT trust any retailer with direct access to my checking account. We have seen how that has played out with PayPal where resolving issues is a pain but we also know that retailers do not keep their systems clean from malware.
  19. Tzerlag macrumors regular


    Oct 1, 2014
    I'm baaaaack
    It's on trial run in Minnesota or someplace.

    Lead by Walmart.

    Damn right. I wouldn't link ANYBODY directly to my bank. Not PayPal, not my utility, not my gym.

    I set up my bill payment as Push, not Pull.
    I push the payment at the company, I never give permission for them to reach into my account to get my money. Never give out your account info. It leaves you liable.

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