SAN FRANCISCO - (06/22/06) Visa USA confirmed a new ATMsecurity breach Tuesday that may have compromised customer accountsat dozens of credit unions and banks. The latest breach apparentlydates back to February when Visa began notifying card issuers of asecurity problem affecting a U.S.-based contractor that processedATM transactions.Visa publicly acknowledged the latest breach inresponse to media inquiries about Wachovia Banks latestrecall of thousands of debit cards. Visa said it is working withits member banks credit unions and authorities "to do whatever isnecessary to protect cardholders." Under Visa's policy, consumersaren't held liable for any unauthorized purchases made with theircards.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3