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>> RETAIL Latest News

MAR 29, 2013 - Washington Business Journal

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Another Schnucks saga: Parkside loses $10,000

Parkside Financial Bank & Trust is a business bank with one location, not a retail bank with many locations. As such, it issues relatively few credit cards and rarely loses money to card fraud. Yet Jim Wagner, chief executive, reports that it has lost $10,000 because of the security breach linked to Schnucks stores. "Our normal week is no loss," Wagner told the Business Journal. "We literally have only had a few cases of fraud in our five years, and those few were small dollars. Last week it exploded." CEO…

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