The $679 million, Merritt Island, Fla.-based Launch Federal Credit Union is restricting PIN-less transactions totaling less than $50 following the discovery of fraud involving some of the credit union's debit cards, according to an alert on Launch FCU's website.
"It is suspected that the compromise was at a local merchant that we are currently trying to identify," the credit union, which runs a dozen branches, said in the alert. "In particular, our members in the Titusville and Merritt Island areas are being affected."
The notification revealed the stolen debit card numbers were primarily used to make purchases at Walmart stores and totaled $50 or less.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
