Manager of Media Relations
Media Relations Specialist
VISA, MASTERCARD CLARIFY STANCE ON NAMING MERCHANTS AFTER BREACH
The California and Nevada Credit Union Leagues have received official confirmation from Visa and MasterCard regarding an important issue in the ongoing discussion on card data breaches: Nothing in the network rules or contracts prohibit a credit union from naming a merchant when communicating with members following a security breach.
Both electronic payment networks stated this in two separate letters that were in response to an inquiry submitted by Leagues President and CEO Diana Dykstra. However, Visa and MasterCard warned of potential consequences when identifying merchants.