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Chase To Limit Use Of Debit Cards From Target Breach

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December 21, 2013 AT 11:46 AM
JPMorgan Chase on Saturday notified customers who used debit cards at Target stores during the recent security breach that it was limiting use of the cards to cash withdrawals of $100 a day and purchases totaling $300 a day. The new limit affects roughly two million accounts, or less than 10 percent of Chase debit card accounts, according to a bank spokeswoman. The bank said it was taking the action as a precaution and recognized that the move “could not have happened at a more inconvenient time.” Initial reports of Target’s security breach said data may have been taken through devices at its counters.