Germany hit by huge credit card recall
The recall, reportedly the largest in German history, was issued following warnings from card operators Visa and Mastercard.
Berlin -- Over 100,000 credit cards have been recalled in Germany because of fears that criminals obtained holders' personal data from purchases made in Spain in recent months, a press report said on Wednesday.
The recall, reportedly the largest in German history, was issued following warnings from card operators Visa and Mastercard, the Financial Times Deutschland said.
"As is normal in these circumstances, we have contacted a number of our member banks to make them aware of the situation and some may decide to take action as a precautionary measure," said Visa in a statement.
"Cardholders who are innocent victims of this fraud will get their money back, subject to the terms and conditions of their bank."
"Any cardholder who is concerned should keep a close eye on their accounts and report any unusual or unexpected activity," the statement added.
According to Peter Ehmke, a spokesman for Mastercard in Germany, measures that banks could take range from blocking cards to recalling cards.
A spokesman for banking association BVR told the Financial Times Deutschland that the Volks- and Raiffeisenbank banking group alone had recalled 60,000 credit cards thought to have been compromised.