Page last updated at 11:18 GMT, Wednesday, 18 November 2009

Germany in 'credit card recall'

Credit card
The credit card recall is thought to be the largest in Europe

More than 100,000 German credit cards are being replaced after fears that personal data has been stolen, German press reports say.

The reports say that the Volks- and Raiffeisenbank group alone is recalling 60,000 cards.

Fraudsters are thought to have stolen data on German customers from a service provider in Spain. There have been no actual reports of fraud.

The credit card recall is said to be the largest in Europe.

A spokesperson for the co-operative banking group, the BVR, is quoted as saying the recalls are being carried out just to be on the safe side.

There is particular concern for Germans who have used their cards in Spain recently.

The banks are acting on a warning from Visa and Mastercard.

In a statement, Visa Europe confirmed that "it is aware of a possible card data security issue in Spain. No details are yet confirmed, but we do not believe that the issue is specific to Visa."

A spokesperson stressed that cardholders who were innocent victims of fraud would get their money back, subject to the terms and conditions of their bank.

Print Sponsor

Customers 'blamed for card fraud'
03 Oct 09 |  Business
What's the future for credit cards?
27 Oct 09 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2020 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific