ON DEADLINE: Visa Confirms Breach
Visa USA confirmed a new ATM security breach last week that may have compromised customer accounts at dozens of credit unions and banks.
The latest breach apparently dates back to February, when Visa began notifying card issuers of a security problem affecting a U.S.-based contractor that processed ATM transactions. Visa publicly acknowledged the newest breach in response to media inquiries about Wachovia Bank's latest recall of thousands of debit cards. Visa said it is working with its member banks and credit unions, along with authorities "to do whatever is necessary to protect cardholders." Under Visa's policy, consumers aren't held liable for any unauthorized purchases made with their cards.