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

Wednesday, April 4th, 2012
Updated: April 4th, 2012
The content is accurate at the time of publication and is subject to change.

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.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Credit Card Issuers News

Friday, January 24th, 2020

The two large regional banks, BB&T and SunTrust, are currently in a process of merging to create the sixth largest banking holding company in the United States. The new issuer, headquartered in Uptown Charlotte, North Carolina, was named Truist. According to the banks’ announcements, the merger is to bring more branches, ATMs and digital innovations […]

Wednesday, November 6th, 2019

A couple of days ago, Norwegian Air, Norway’s largest airline and the ninth-largest low-cost airline in the world, announced a rollout of their new no annual fee credit card in the United States. The airline currently operates direct flights from New York, Los Angeles, San Francisco, Florida, and Boston to Europe and the United Kingdom. […]

Friday, October 25th, 2019

Last week, American Express presented an updated Corporate Program with enhanced benefits for the American Express Corporate Green, Gold, and Platinum credit cards. Over the next few months, the issuer will add to the program new or renewed tools and solutions that are implied to be of benefit to both businesses and their employees. These […]

Friday, September 27th, 2019

Not so long ago, Citi launched a new feature aimed at current Citi credit cardholders – Citi® Flex Loan. The whole point is that, if you own a Citi credit card, now you may be offered to borrow money from this account’s credit limit and pay it back at a fixed APR, in fixed monthly payments over a set period.

Wednesday, August 7th, 2019

The digital environment is becoming increasingly common these days. This also applies to the credit sector. Most likely, you use credit card apps or at least visit your issuer’s website from time to time. Indeed, online accessibility is highly important for customers. Considering this fact, issuers seek not only to provide high-quality service but also to design a user-friendly mobile app and site interface that will help cardholders quickly find the necessary information or solve an issue.

Best Credit Offer
Horizon Gold
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Horizon Card Services Horizon Gold Credit Card
Copyright © 2001-2020 All Rights Reserved.

*See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

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.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions. 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.

Disclosure: Not an access card.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

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.