SAN FRANCISCO – After months of rumors and persistent silence from the No. 1 card brand about a card breach rooted in ATMs, which was costing CUs and CUNA Mutual millions of dollars, Visa USA has finally released some details about the problem.
The brand confirmed the February breach involved a U.S.-based contractor that processed automated teller machine transactions.
The card brand was forced to acknowledge the trouble after Wachovia Bank decided to replace an unknown number of debit cards issued to its customers.
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