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Potential Widespread Visa and MasterCard Security Breach

Mar. 30, 2012 -- Dear Member:

Last Friday, March 23, 2012, card issuers on Corporate One’s card programs through PSCU received a Security Alert regarding a potential card security breach of Visa® and MasterCard®. PSCU followed up with another Security Alert on Wednesday, March 28, 2012, and shared updates on the fraud they observed on the potentially impacted accounts.  Today, the Wall Street Journal has named Global Payments Inc. as the source of the data compromise.

As of today, Corporate One has not been notified of any card breaches affecting any credit union on our cards programs. However; we urge all card issuing institutions on the Visa platform to review all Compromised Account Management System alerts that come directly from Visa. For those card issuers on the MasterCard platform, Compromised Account Notification reports can be found by logging into MemberView, Corporate One’s account management system.

PSCU will continue providing Security Alerts to swiftly inform our members of any situation that creates potential risk. These Security Alerts represent a critical and proactive component of PSCU’s Member Owner Payments Revenue Optimization (MōPRO) strategy, which seeks to deliver the highest levels of engagement, energy and agility for credit unions.

For Corporate One members who believe they may have cardholder accounts that have been compromised, please contact our Member Services area during our regular business hours at 866/MyCorp1 (692-6771) or after hours, contact PSCU’s Fraud Detection Center at 888-918-7313 or First Data at 877-866-STAR (7827).

For the most up-to-date information regarding this card breach, please visit the following web sites:

PSCU’s risk management Web site, RiskBuzz.com
Visa Security Web site, visasecuritysense.com
MasterCard’s Web site, mastercard.com