In-depth look at CurrentC and the personal data they want to collect

iMore:

Just as quickly as CurrentC popped into the limelight, questions arose around the companies intentions. Even though I don’t have an invite for CurrentC’s invite-only mobile payments and loyalty rewards system, I decided to take a look. I posted some initial findings on Twitter and a brief summary on iMore, but wanted to do a more in-depth technical post for anybody who was curious.

We saw what happened with Target and Home Depot. Now imagine being liable for those fraudulent charges in addition to the personal data they'll collect. I'll be shocked if this goes anywhere even if it's released next year.