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Old 12-27-2013, 01:08 PM
 
3,031 posts, read 5,737,025 times
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Is it true that Chase banks underwrites Target transactions? If not, what is the relationship between Chase and Target?

Only Chase put a spending cap on the purchases by all Chase customers who used their cards at Target between that date window, is that right?

I read articles about this, but is it accurate that if you used ANY bank card or ANY credit card at Target 11/27-12/15/2013, the account numbers may have been stolen. I fear the public misunderstood what happened. Also Target had a 3-5% sales dip in the past few days. Also, people who bought things over Target's website were not affected.

What will the crooks do with the account numbers - sell them little by little using low-level street criminals? Sell them to another country? Sell them in big blocks? Will crooks wait a while to use them, to avoid attention, or use them quickly because the owners might cancel them?
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Old 12-28-2013, 05:58 AM
 
10,898 posts, read 20,563,168 times
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Low level street criminals aren't even in the picture, they're sold online.

Who’s Selling Credit Cards from Target? — Krebs on Security

Non-US Cards Used At Target Fetch Premium — Krebs on Security
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Old 01-17-2014, 08:20 AM
 
5 posts, read 7,036 times
Reputation: 10
Chase is now closing accounts of people who shop at target. Yesterday my girlfriends acct was closed they told her because she shopped at target she is high risk. And they no longer want to do business. She says I have never overdraft never had any issues, my card wasn't breached. They didn't care. That morning she used it was ok, that afternoon closed. She had to go into the branch and wait 1 1/2 hours to get her measly $195 cash that I had deposited a few days prior. Is this even legal??
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Old 01-17-2014, 08:44 AM
 
10,898 posts, read 20,563,168 times
Reputation: 10503
Quote:
Originally Posted by Aamanee2014 View Post
Chase is now closing accounts of people who shop at target. Yesterday my girlfriends acct was closed they told her because she shopped at target she is high risk. And they no longer want to do business. She says I have never overdraft never had any issues, my card wasn't breached. They didn't care. That morning she used it was ok, that afternoon closed. She had to go into the branch and wait 1 1/2 hours to get her measly $195 cash that I had deposited a few days prior. Is this even legal??
As I've seen nothing at all about Chase doing this, just your claim, there really isn't much to say on the subject. All I've seen is Chase bank customers having limits applied to their ATM cards.

Target breach brings big new hassle to Chase customers | Local & Regional | KATU.com - Portland News, Sports, Traffic Weather and Breaking News - Portland, Oregon
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Old 01-17-2014, 02:05 PM
 
5 posts, read 7,036 times
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My branch alone said over 10 accounts this week alone are being closed. I just now went and filed a dispute form with there fraud dept to have there legal team review it. All I want is them to unmark my credit as "high risk" so I can get an account elsewhere. I'm shocked this can happen
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Old 01-17-2014, 02:50 PM
 
Location: On the corner of Grey Street
6,127 posts, read 9,639,711 times
Reputation: 11777
Quote:
Originally Posted by Aamanee2014 View Post
Chase is now closing accounts of people who shop at target. Yesterday my girlfriends acct was closed they told her because she shopped at target she is high risk. And they no longer want to do business. She says I have never overdraft never had any issues, my card wasn't breached. They didn't care. That morning she used it was ok, that afternoon closed. She had to go into the branch and wait 1 1/2 hours to get her measly $195 cash that I had deposited a few days prior. Is this even legal??
I don't believe this. There has to be more to the story than what you are telling us. I have Chase and I was 110% satisfied with how they handled the Target breach. They sent me several e-mails updating me about the situation, explaining the limits they put in place as precautions, and they sent me a new debit card, but they did not close my old account until I received and activated the new one.
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Old 01-17-2014, 02:53 PM
 
Location: southwestern PA
20,416 posts, read 43,624,634 times
Reputation: 39929
Quote:
Originally Posted by Aamanee2014 View Post
My branch alone said over 10 accounts this week alone are being closed. I just now went and filed a dispute form with there fraud dept to have there legal team review it. All I want is them to unmark my credit as "high risk" so I can get an account elsewhere. I'm shocked this can happen
IF you are "high risk", there is something going on with your account.
You should be happy they are dealing with it, instead of complaining about them taking action!
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Old 01-17-2014, 04:18 PM
 
5 posts, read 7,036 times
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Instead of complaining about it take action? What action do I take?? Hmm let me see I called them, I went to the branch, I called corporate, I called fraud specialist. The account has a positive account. The teller tells me it's because of the target issues and by using my card there several times I've compromised there bank. I called the corporate and they told me the same exact thing. Even though these uses are when everyone wasn't aware of this issue. Tuesday I get the email saying there sending me cards and Thursday bam acct closed, no notification, no call, no questions if they had any, only explaination is the target situation. My card was never used or stolen by anyone. All the charges are mine for utilities and house bills, and fast food, target, McDonald ect. No online shopping. I'm completely confused. I can't get a bank acct anywhere now. The only reason they released my money now instead of a check is cause cash was deposited.
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Old 01-17-2014, 04:24 PM
 
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They told me a computer scans the account and alerts pop up when there is a red flag. I had several alerts from using at target during that time. History of acct. It's only a savings account that has a ATM-visa logo. So I can use it to make purchases or ATM withdraw. I have no overdraft protection cause it's not needed. My boyfriend deposits money into my account and I use the card. I had opened the acct in August this past year. I have had up to about $14k in the acct when we bought a foreclosed house in Ohio October. Since then I maintain between 500-1500 in the account. Just used to pay bills. My high risk status was giving from shopping there several times. That's there only explanation and there may be more they assume I don't know cause that's all they said. I have had no other accusations to defend.
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Old 01-17-2014, 05:07 PM
 
Location: Tyler, TX
21,461 posts, read 21,772,749 times
Reputation: 12971
Yeah, I think there's more going on that you either don't know or haven't related. Banks don't arbitrarily close accounts. They just don't. There has to be a reason, if the account is actually closed at all.
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