Hi!

The system is supposed to send information immediately to designated banks and then wipe it clean. Older software systems often retain the information and store it on site. The incidents occurred between June 2002 to December 2004.
- Some system stored the information on their side to speed-up their internal process. System could further have designed a report-after-transaction just to show that they have a speedy system with CC transactions. Then the issues comes. This should be reviewed (OLDER SYSTEM), especially when the growing rate of CC info thief came from this issue. Wait, since June 2002 and still no major actions (like disallowing such old system, I realized on the second thought that it is also hard to upgrade everything ) from the regulators.

HSBC had not disclosed which retail store was involved but several published reports said it was a Ralph Lauren Polo store.
- Individual branches take the responsibilities in choosing their type of system (budget-wise and customer coverage).

Really this credit information/identity thief issue is getting the highlights lately, too much money involved could really encourage thieves to operate on less-secured premises and able to accomplish such operation.

-GONE