» 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 This material may not be published, broadcast, rewritten or redistributed.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 86 86 12,712
MORTGAGES 114 114 16,584
FORECLOSURE NOTICES 4 4 3,294
BUILDING PERMITS 162 162 27,856
BANKRUPTCIES 68 68 10,558
BUSINESS LICENSES 23 23 4,227
UTILITY CONNECTIONS 112 112 16,462
MARRIAGE LICENSES 33 33 3,724

Weekly Edition

Issues | About

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