» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 64 | Monday, April 02, 2012

MasterCard, Visa Warn of Cardholder Data Breach

PALLAVI GOGOI | AP Business Writer

Print | Front Page | Email this story | Comments ()

NEW YORK (AP) – MasterCard and Visa said Friday that they had notified issuers of its credit cards of a potential breach of the security of customer accounts. Visa blamed a third company for the error.

Trading of the stock of Global Payments Inc., which processes credit card transactions, was halted after published reports said it was responsible. The stock fell 9 percent for the day before trading was stopped.

Global Payments did not respond to requests for comment, and Visa would not name the company it believed was to blame. Neither Visa nor MasterCard would say how many customers were affected.

Credit card companies generally protect customers against fraudulent transactions, and Visa said specifically Friday that its U.S. customers were not at risk. Both Visa and MasterCard said their own systems had not been compromised.

Last June, hackers stole information for 360,000 credit card accounts at Citigroup. In the past year, there have been high-profile data attacks against the International Monetary Fund, National Public Radio, Google and Sony's PlayStation Network.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 311 15,028
MORTGAGES 83 338 19,668
FORECLOSURE NOTICES 0 43 3,838
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 65 247 14,281
BUSINESS LICENSES 16 120 5,111
UTILITY CONNECTIONS 70 316 21,749
MARRIAGE LICENSES 18 93 4,650

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.