Fraud fears lead Michigan banks to reissue thousands of cards

Thursday, 16 November 2006, 12:15 AM EST

Fraud that may be related to a security breach at a Muskegon, Mich.-based gas station chain earlier this year has forced several banks and credit unions to recall potentially thousands of credit and debit cards in recent days.

One of the institutions affected is the Community Shores Bank, which last week asked about 550 of its members to destroy their debit and credit cards after the credit union noticed that several of its cards had been used in fraudulent transactions.

At Computerworld.

[ Read more ]




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