Global Payments, Inc., a payment card processor, has identified and reported the unauthorized access into a portion of their North American processing system. According to the company, a preliminary investigation has shown that the unauthorized access has exposed Track 2 magnetic stripe data for less than 1.5 million payment cards. Track 2 typically includes card-specific information, such as the unique 16-digit card number and card expiration date. It is not believed that affected consumers’ names, addresses and social security numbers have been exposed.
We have received notification that a small number of Meredith Village Savings Bank debit cards have been compromised. We have made an effort to contact all affected customers both by telephone and mail regarding the necessary steps we have taken to protect their accounts from fraud. Should we receive notification that additional cards have been placed at risk, we will notify affected cardholders as quickly as possible.
Typically, compromised card information is either used to make fraudulent online (card not present) transactions or to create counterfeit payment cards. Though Global Payments, Inc. does not believe the information exposed has been used to make fraudulent transactions, Meredith Village Savings Bank is continuing to monitor its debit cards closely for any unusual activity. We urge you to make sure that we have your most current contact information, so that we are able to reach you if we need to confirm that transactions are authorized by you. As Global Payment Inc.’s investigation into this breach is ongoing, we also encourage you to monitor your accounts closely using Online, Mobile or Telephone Banking and to notify us immediately of any activity that is not authorized by you.
If you have questions, please contact us in the way that is most convenient for you.
