Fujitsu Transaction Solutions software may have stored PIN and customer information

This story indicates that Fujitsu software may be part of the problem with the Citibank ATM fraud last month.

Visa warns software may store customer data | CNET News.com

A popular software that retailers use to control debit-card transactions may inadvertently store sensitive customer information, including PIN codes, says Visa.

Relevance to Bankwatch:
Banks have to worry about information as much (more) than they do about money. Banks need Chief Information Officers, and corporate principles to govern storage, and use of information.  This includes specific rules surrounding authentication, and authorisation of services. These principles must be applied to third parties including service providers, and payments services.