Data Security


Data Security

Breaches of sensitive consumer information at Target, Home Depot and other retailers have made it clear that not everyone connected to the card payments system adequately protects the personal information of their customers. Data breaches impose risks and costs on consumers, banks, the payments networks and our economy and these gaps should be filled as
soon as possible.


Why it Matters to Your Community

Protecting Consumers is Our First Priority

By law, regulation and the rules of the payments networks consumers have “zero liability” for unauthorized transactions – whether credit or debit card. Banks must swiftly reimburse customers, go beyond legal requirements to meet consumer needs, and are examined by regulatory agencies for compliance with legal requirements.

Fairer and More Effective Allocation of Breach Costs is Essential