Courtesy of Finextra, Visa takes action, following the March 6th, 2006 pin fraud.  It was earlier reputed to be OfficeMax, however we note the recent news references are to an “unspecified merchant”.  Only two weeks later – I suppose that’s fast enough?

Anyhow, I presume this is the last on the Citi ATM fraud.  However its not the last time we will hear of this issue, and I would rather see Visa (is MasterCard there ??) make a statement about the other software applications used be merchants.

Finextra: Visa warns of PoS software bug

Visa USA is warning that two versions of Fujitsu’s point-of-sale software may inadvertantly store customer data, including PIN numbers, during debit card transactions.
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The issue came to a head recently following a security breach at an unspecified merchant that forced a number of US banks to re-issue debit cards to customers after it transpired that decrypted PIN codes were being used on cloned ATM cards.

Relevance to Bankwatch:
The connections between Banks and payment networks are a critical component of todays financial processes.  How many more Fujitsu’s are there out there, that are retaining confidential and critical customer information that is intended to be encrypted or not stored?