18 December 2017
visit http://response.ncr.com

Connecticut resorts to cheques for tax refunds after JPMorgan Chase data breach

17 December 2013  |  4631 views  |  0 cheque

In the wake of a data breach at JPMorgan Chase, the US state of Connecticut has decided to suspend its debit card programme for paying out tax refunds, resorting to paper cheques.

Earlier this month it emerged that hackers had compromised JPMorgan Chase's network, putting the personal information of around 465,000 pre-paid cardholders at risk.

Connecticut's tax department says that it will now have to issue cheques to around 5000 taxpayers due a refund over the next few weeks. Tax commissioner, Kevin Sullivan, blasted the bank, telling the Hartford Courant: "I am wildly unhappy with the level of customer service".

Although the state could have cancelled the debit card contract, it has decided to keep it in place. However, cheques will remain as an option for taxpayers next year, alongside the debit card programme and direct debits.

Sullivan says that using debit cards saves Connecticut around $300,000 a year but "we owe it to the public to seek a new contract that assures security and far greater responsiveness".

In September Citi agreed a $55,000 settlement with Connecticut over a security flaw in its online banking service which enabled crooks to access the account information of hundreds of thousands of customers.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

JPMorgan Chase says 465,000 pre-paid cards compromised by hackers

JPMorgan Chase says 465,000 pre-paid cards compromised by hackers

05 December 2013  |  6708 views  |  0 comments | 6 tweets | 13 linkedin
Irish banks fear card fraud in wake of Loyaltybuild data breach

Irish banks fear card fraud in wake of Loyaltybuild data breach

15 November 2013  |  5132 views  |  2 comments | 7 tweets | 4 linkedin
Connecticut hits Citi with fine over card data breach

Connecticut hits Citi with fine over card data breach

02 September 2013  |  11308 views  |  0 comments | 8 tweets | 4 linkedin

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.thomsonreuters.infovisit www.ebaday.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11127 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
9633 views comments | 19 tweets | 21 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7673 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7247 views comments | 6 tweets | 26 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7162 views comments | 5 tweets | 11 linkedin

Featured job

Competitive package
New York City, NY - USA

Find your next job