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Citi, B of A Card Customers Hit By Merchant Data Breach

Friday, August 19, 2011 - 9:18 AM
From American Banker Article
Citigroup Inc. and Bank of America Corp. closed some of their card customers' accounts this week, citing data breaches at unidentified retailers.

It was not immediately clear if both banks' customers were affected by a security failure at the same merchant.

Citigroup deactivated some credit cards on Thursday and told the affected customers that it had been informed of a security breach at a retailer, according to one person whose credit card was deactivated.

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