Various Taxi Cab Companies in Chicago - 03/03/2014

In an unprecedented move, First American Bank made a public announcement regarding fraudulent activity they were seeing on both credit and debit cards of customers with their bank specifically related to cab rides in the city of Chicago.The bank is urging both residents and tourists to avoid paying for their cab rides with either debit or credit cards. The ongoing breach appears to be related to the card processing systems used by a significant amount of taxis in the city of Chicago.The bank has reported the breach to MasterCard. They have also reached out to Banc of America Merchant Services and Bank of America, the payment processors for the affected payment systems within the affected taxi cab companies. First American Bank is urging that Banc of America Merchant Services and Bank of America discontinue payment processing for the taxi companies who have been targeted in this breach. So far, neither entity is commenting on the breach or appear to be haulting the processing services.