It’s 1am, Do You Know Where Your Credit Card Is?
Forty million more credit cards at risk out there, who-knows-where. That, according to this morning’s revelation and this it's time an Arizona credit-card processor, Credit Card Solutions, who dropped the ball. This latest security failure is just another of the embarrassments of recent months that have now put nearly everyone with a card at jeopardy.
A visit to Credit Card Solutions web site makes no excuses and takes a very straightforward approach to explaining what happened. Unlike government, credit card processors depend upon consumer faith in their integrity and so they get out in front with the truth instead of making knee-jerk denials.
But it’s happened again and as I suggested in an earlier commentary, no one knows where the incursions end, if anywhere. Congress is in a turmoil of what-to-dos with each elected official salivating to get his name attached to a piece of legislation. The problem is that no one really knows any more about how to handle this then they do the more …