Cautious Credit Union Replaces Cards Amid Security Breach

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00010796-cautious-credit-union-replaces-cards-amid/

By PÃ‰RALTE C. PAUL

Associated Credit Union is issuing 3,000 new Visa-branded check cards and credit cards to replace accounts exposed to possible fraud in a security breach.

Glenn Miller, senior vice president of marketing at Norcross, GA-based ACU, said Visa USA told the credit union the information stored on the cards’ magnetic stripes ? names, account numbers and expiration dates ? were compromised at a credit card processor.

Visa did not identify the third-party processor, Miller said. But the credit union’s move comes less than two weeks after Atlanta-based CardSystems Solutions acknowledged a 2004 hacking incident that left 40 million credit card accounts ? including 22 million Visas ? vulnerable to fraud.

For this complete story, please visit http://www.ajc.com/news/content/business/0605/30bizcardsuit.html.

Cautious Credit Union Replaces Cards Amid Security Breach

Unknown Author

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