THE Payments Association of South Africa (Pasa) said on Friday that private credit card and banking details have been leaked in a security breach at a company that processes online transactions.

Pasa CEO Walter Volke said there was no need for “undue concern” by cardholders and that “only a limited number of card details have been accessed by outside organisations”.

As a result, he said, “limited fraud has been perpetrated”.

Card users should report suspicious account transactions to their banks.

The breach happened earlier this week.

Mr Volke said if there were fraudulent transactions due to the data compromise, cardholders would not be exposed to any losses.

PayU, the Naspers-owned mobile and online payment service provider, said it was not the online payment service provider in question.

With Sapa

* This article was first published in Sunday Times: Business Times