Global Payments says Visa drops it after breach
ATLANTA (AP) — Visa Inc. has dropped the card processor involved in a massive data breach from its registry of providers that meet data security standards.
Global Payments CEO Paul Garcia noted that the company continues to process Visa transactions, but that being dropped from the registry "could give our partners some pause that they're doing business with someone who experienced a breach."
Garcia said he expects to Global Payments to be reinstated once it has been issued a new report of compliance. But he declined to specify when that might be. He said the situation is "absolutely contained" but that the investigation is continuing and that parts of it still need to be resolved.
Global Payments says the data breach may affect less than 1.5 million credit cards from various issuers in North America. The company said that credit card data may have been stolen, but that cardholder names, addresses and Social Security numbers were not obtained.
The company said it will set up a website later Monday to help consumers who might be affected by the breach.
Both Visa and MasterCard say their own systems weren't compromised.
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