Target Data Breach Can Be Opportunity for Banks

Banks and credit unions are taking differing approaches to dealing with the security breach involving credit cards and debit cards used at Target stores over the holidays. Some banks are identifying compromised debit or credit cards and issuing fresh cards immediately while other banks are taking a watch-and-wait stance, taking action on a case-by-case basis if fraud is detected. Either way, many banks are using a proactive, multichannel approach for keeping customers informed which can build much sought after loyalty and trust.

Read more at Financial Brand

Target Data Breach Can Be Opportunity for Banks

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