Credit card firms concerned with the security breaches to affect the Information provided by customers

Wednesday, April 4th, 2012

Some of the most trusted credit card providing firms has lately been exposed to some security breaches. These firms confirmed & assured that the breach of the security did not occurred from its own systems or servers. They held some third party issues to be associated or responsible for the breach. These issues are being faced by the three of the most trusted & popular credit firms such as Visa, MasterCard & Discover. The firms have warned that such security breaches can lead to the Personal Details of the credit card holder’s being leaked out. Certain reports certifies of some of the stolen Information to have been found in New York.

A security blog named as KrebsOnSecurity, reported the industry sources claiming that over the period more than 10 million credit cards have been exposed. As a matter of fact, this blog was the first to report about these security breaches. There were reports from the Wall Street Journal which quoted the industry officials saying that, the credit card processing firm named Global Payments suffered the breach primarily. Also the company shares went down by more than a major 9 % last Friday. However there has been no response from the houses of Global Payments when asked for a comment.

The three companies Visa, MasterCard & Discover have not yet confirmed the extent of the breach & the number of customers affected due to it. This has been a major setback as these were the 3 largest credit card processing companies not only in the continental US but also throughout the world. The Visa & MasterCard also provides debit cards to a large number bank in the US. The authorities confirmed that they have informed the bank regarding the breach. On the other hand Discover Financial Services ensured that they were monitoring all the accounts & if necessary would provide the customers with new cards.

The authorities of MasterCard was found saying that “they were always concerned with the convenient usage by the user at every point of time & keep up their steady efforts in monitoring & safe guarding the account Information provided by the user.” Visa also backed the MasterCard’s point & said that they will not hold the customers responsible for any fraudulent purchases done issuing their card. Analyst Avivah Litan said she have found evidences of fraud or security breaches related to credit card being associated with a taxi garage in NYC.

Latest Credit Card Issuers News

Tuesday, December 6th, 2016
It seems that people are always looking for an easier and more convenient way to pay for their purchases. Still, it’s taken some time for folks to get comfortable using their ...
Wednesday, June 22nd, 2016
More and more people are finding out something that used to be difficult to find out—at least for free. Credit scores used to be top-secret and hard to get your hands on, unless ...
Wednesday, January 20th, 2016
Imagine carrying just one credit card with you and earning rewards that you can trade in for free vacations. WorldVentures DreamTrips is teaming up with Nxt-ID to do just that.
Saturday, November 28th, 2015
Good news for U.S. Bank customers: the company has a new online tool to help consumers make savvier choices about personal finances.
Thursday, June 11th, 2015
Discover is going to allow their cardholders to make contactless payments at participating merchants through Apple Pay beginning this fall.
Best Credit Offer
Click the Compare link to compare the checked cards side-by-side at the comparison table.
Consumer Rating: 5 / 5
Horizon Card Services Horizon Gold Credit Card
Copyright © 2001-2017 All Rights Reserved.

* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners. makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that may be compensated by the credit card issuers when the readers apply for a credit card through this site. is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. does not review or list all available financial or credit offers.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.