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JPMorgan Chase is strictly limiting the debit card use of shoppers who used Chase debit cards at Target during the retailer's recent data breach, which took place November 27 to December 15.
December 22 -
The Target breach has many in the industry thinking: Has the time come for EMV? Is the magnetic stripe dead? What is the final solution to card fraud, if there is one?
December 23 -
As the industry reels from the massive data breach Target announced Thursday, there's debate around the best way for banks to respond.
December 20 -
BBVA Compass in Birmingham, Ala., has taken the first step to becoming a registrant with the Securities and Exchange Commission.
November 22
BBVA Compass is re-issuing cards to customers affected by Target's massive data breach.
The Birmingham, Ala., bank decided to re-issue cards to customers who may have been affected by the breach "as a preventive measure," according to a company statement emailed by a BBVA Compass spokesman. The bank chose to reissue the cards after it was informed by Visa that certain customer check and credit card data may have been compromised, the statement said.
Approximately 10% of BBVA Compass' card customers were affected by the breach, according to a
Banks have sought to limit the damage caused by the breach in various ways. Citigroup (NYSE: C) has begun
Other banks, including Bank of America (BAC), Wells Fargo (WFC), U.S. Bank (USB) and PNC Financial (PNC), have been monitoring accounts for suspicious activity, but have not begun large-scale reissuances.
BBVA Compass is the U.S. unit of Spain's Banco Bilbao Vizcaya Argentaria (BBVA).
