The developing story of the massive security breach is a credit or debit card user nightmare for the consumer. The number may top ten million card users impacted over this data breach that was through Global Payment Systems that provide payment processing services for Visa and MasterCard. Consumers may fret over the uncertainty of impact to their respective credit and debit accounts. Consumers may fall into one or more of four categories. First, Debit Card users of Visa and MasterCard with a history of card being hacked or compromised at their current banking institution in the past, and this includes new cards or checking account numbers issued, Debit Card users having zero history of debit card hacking or fraud, Credit Card users with history of fraud at current bank, and Credit Card users with zero history of fraud at current bank.   Debit Card Users with personal  history of fraud or hacking  at current banking institution: BTW: My professional background is  the … [Read more...]

What precautions or proactive measures can you take to manage a credit card number being compromised? Find out at 8am on The Wise … [Read more...]