Feds Track Source Of Massive Cards Breach.(United States. Secret Service trying to stop the debit card fraud)

From: Credit Union Journal | Date: March 27, 2006| Author: | Copyright information

LEOMINISTER, Mass. -- Authorities last week discovered what they believe are the sources of the broadening breach of debit card data but were still trying to iron down the individuals responsible for what has become the biggest debit card fraud in history.

Agents with the U.S. Secret Service were meeting last week with representatives of nine area credit unions and banks that reported fraudulent transactions in recent weeks on customers' accounts to determine how the thieves penetrated the affected databases.

The nine area institutions, including Workers CU, I-C FCU, ...

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Debit's on top: products and services growth trends. (debit cards)
; ...Survey, 1994, shows debit cards top the list of services credit unions will introduce...Twelve percent of credit unions now offer debit cards, and 22% will...Also, issuing debit cards is a way for credit unions to differentiate...
Interest Worth Checking: The Debit Card, Whose Acceptance Has Lagged Expectations, Is Suddenly Poised To Surpass Credit Cards-At Least In Usage.(debit cards forecast to pass credit cards in number of transactions)(Brief Article)(Statistical Data Included)
; ...important to credit unions? Debit cards, analysts...members offered debit cards as of December...from 33% of credit unions serving 75...profit driver. Debit cards as a profit...issue for credit unions, Lee suggested...
What to expect in cards. (credit unions' credit card services)
; ...In other words, credit unions won't be using...to credit and debit cards. Instead, they'...program that lets credit unions decide the rebate...savings account. Debit cards. Today, about...Gallup survey. Debit cards allow members...balances ...
Challenging times close in on Pennsylvania credit unions.
; ...Pennsylvanians love their credit unions. But, in a fiercely...than two dozen credit unions based in the Lehigh...the almost 700 credit unions across the state...Many Lehigh Valley credit unions said profits sagged...compared to last year. Credit unions ...
Debit cards come of age
; ...The maturing of debit cards is reflected in the number of credit unions offering them...percent of readers' credit unions issue debit cards. Another 39 percent...members tuck debit cards into their wallets, credit unions face questions...
Little Guys Steal a Play From the Big League: Credit unions and small banks are issuing debit cards, too. Now they're adding reward programs to the mix.
; ...programs for debit cards are new but...banks and credit unions. The extra...the first credit unions to incorporate debit cards into its...especially credit unions, have been...programs on debit cards because the...
Area banks reissue more than 25K credit, debit cards after TJ Maxx break-in.
; ...cards was stolen. Local banks and credit unions reissued plastic for thousands...example, reissued about 18,000 debit cards at $3 to $4 a card. Roughly a...some debit cards, as did some credit unions. Copyright (c) 2007, The Brownsville...
Gauging debit card marketing success. (credit unions)(includes related articles)
; ...demand for all debit cards is high today, few credit unions offer them...interdependent with debit cards. Credit unions should aim to...access? Some credit unions are reporting...began offering debit cards. For example...
Why are credit unions tax-exempt?
; ...million Hoosier voters belong to credit unions." Credit union associations and individual credit unions drafted comment letters and even...in February 1991. To the relief of credit unions, the voting period also coincided...overwhelmed with the lobbying antics of credit ...
Lithuania Central CU Is First In Baltics To Offer Credit & Debit Cards.
; VILNIUS, Lithuania -- Lithuania Central Credit Union has begun offering debit and credit cards for its affiliated credit unions, with plans to expand further into electronic...International Credit Union Day that the country's credit unions would become the first in the Baltics to ...