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1. Comment - Visa, Amex Cut Ties with CardSystems

   (Jul 21, 2005 - 8:56 PM)

   I work at a financial institution. We mailed letters to nearly 4,000 affected by the CardSystems Solutions security breach. The letter specifically states that their card will be canceled. What a headache this incident has been for the financial industry. Not to mention the card holders that it effected while they are on vacation trying to use their cards.
   
   We did apologize for the inconvenience and explain that these steps were taken to protect them as well as the financial institution from unauthorized usage.