Printed from http://www.electronista.com

Visa drops Global Payments from cleared processors post-hack

updated 07:35 pm EDT, Mon April 2, 2012

No longer certified secure for card transactions

Visa has dropped Global Payments from its registry of approved third-party payment card transaction processors. Visa took the step after it was revealed last Friday that the firm's security had been breached. Personal information for cardholders of nearly 1.5 million Visa and MasterCard cards could be at risk.

The actual hacking took place in late January. Initially, it was believed that only about 50,000 credit cards were involved. That number has now increased by several orders of magnitude. Global Payments claims that although come credit card information was exposed, cardholder names, addresses, and Social Security numbers remained secure.

Visa uses its registry to certify that a transaction processor meets rigid data security standards. If a processor fails to meet those standards, it warns that transactions may be vulnerable. Banks and other financial institutions still can continue to use them for Visa card transactions if they so choose.

Global Payments expects its registry status to be reinstated after it's back in compliance, but Visa hasn't confirmed for certain that this will happen. [via AP]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Tesoro Tizona G2N Elite gaming keyboard

The market for gaming keyboards is getting crowded, starting off with some fairly simple keyboards and diverging into the land of modu ...

GX Gaming DeathTaker mouse

Gaming is a serious endeavor for many people, driving them to look for the best performance in their system and interface devices. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News