Elga Credit Union recalled about 450 Visa cards and discovered thousands of dollars in fraudulent transactions after being notified by the card company they may have been compromised.

A Visa alert indicated that a third-party retailer detected a security breach within its processing network.

The Burton, Mich.-based credit union decided to block and reissue 450 cards and called affected members over last weekend.

What do you think about this? Send us your feedback. Click Here.

 

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry