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Chase To Limit Use Of Debit Cards From Target Breach

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Chase To Limit Use Of Debit Cards From Target Breach

Chase To Limit Use Of Debit Cards From Target Breach
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Chase To Limit Use Of Debit Cards From Target Breach

by Wochit 0:44 mins

JPMorgan Chase on Saturday notified customers who used debit cards at Target stores during the recent security breach that it was limiting use of the cards to cash withdrawals of $100 a day and purchases totaling $300 a day. The new limit affects roughly two million accounts, or less than 10 percent of Chase debit card accounts, according to a bank spokeswoman. The bank said it was taking the action as a precaution and recognized that the move “could not have happened at a more inconvenient time.” Initial reports of Target’s security breach said data may have been taken through devices at its counters.

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