Target Black Friday 2013 Fraud Fallout: Chase Bank Will Limit Debit Cards to $100; Target Offers Discount As Apology

Target Black Friday 2013: Chase Bank is dealing with the Target Black Friday 2013 frauds by putting limits on withdrawls and purchases using its debit cards. Because of the Target Black Friday breach, Chase Bank is limiting two million debit card holders to $100 at ATMs unless they go to branches.

The cards were used at Target stores when a data breach occurred on Black Friday, a traditionally heavy day of shopping. Chase says new cards are being issued.

40 million credit and debit card customers were affected when Target, the nation's second-retailer, was hit by a data breach. Customers who shopped at Target after Thanksgiving through Dec. 15 are susceptible to fraud. Target announced it will offer a 10% discount as a credit fraud apology.

Chase says it plans to open a third of its branches on Sunday to help customers who were affected by the Target Black Friday breach. Chase says customers with the affected cards will be limited to $300 a day in purchases. The limits affect about 2 million of Chase's 23 million card customers. Chase announced on their website that tellers will help customers at the bank's branches.

JPMorgan Chase will put daily cash and spending limits on about 2 million debit cards that were used at Target stores that could be susceptible to fraud. In the middle of Christmas shopping season Chase customers will be limited to withdrawing no more than $100 a day from ATMs on debit cards affected by the Target Black Friday Breach. The stolen data included names, numbers, expiration dates and data taken from the magnetic strip when credit or debit cards are swiped.

New Cards will be reissued. The process could take at least two weeks. Chase will reissue the debit cards by mail. 

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world news
target black friday
Fraud
chase bank
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