Skip to comments.Chase limits debit card use for customers at risk in Target breach
Posted on 12/21/2013 12:41:37 PM PST by John W
JPMorgan Chase, the largest bank in the United States, told customers Saturday that they would be limited to $100 in cash withdrawals and $300 in total purchases per day if they used Chase debit cards at Target during a recent security breach.
The limit applies to about 2 million customer accounts, Kristin Lemkau, a Chase spokeswoman, told NBC News. That represents less than 10 percent of Chase customers, she said. The limit does not apply to Chase credit cards.
Target announced earlier this week that as many as 40 million debit and credit cards were compromised during the breach, which the store said began just before Thanksgiving and ended Dec. 15.
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This sounds stupid since a $1 charge is as vulnerable as a $1000 charge. To limit the transaction size forces the customer to make multiple purchases, with each purchase exposing them to having their card info stolen.
Thatz jus stoopit
There was no arch villain hacker that breached Target servers.
It was a con job to inside personel
My credit union is just cancelling and issuing new cards to all customers that purchased merchandise at Target on the affected dates. (VISA) Thankfully I wasn’t one of them.
Drudge says the numbers have been sold... this is a good precaution on Chase’s part.
Sounds like an inside job, done before they batched-out the purchases each day, for that period.
This is a good idea, IMHO. They are limiting it to Target. Target is the store with the security breach so why not stop the bleeding through Chase customers.
What a MESS! This is would could happen with the limitations on background checks for employees/state workers/Obamacare drones.
a better one is to just replace the card...
Limited to those who used Chase debit cards at Target during the time frame but those cards are limited everywhere.
Target spokesman Eric Hausman confirmed it has “no indication that debit card PINs were impacted.”
“The bank said on its website that its employees would be ready to help customers who need more cash than $100. Customers can visit Chase branches, many of which will issue temporary cards, Lemkau said.
We realize this could not have happened at a more inconvenient time with the holiday season upon us, the bank said. Its unfortunate that criminals are active during a time of giving and generosity.
Chase is issuing new debit cards in the coming weeks to all customers whose cards were put at risk, Lemkau said.