Card brands dump Global Payments

Powered by SC Magazine
 

Visa asks company to re-validate to PCI standards.

US card brands have dumped breached processor Global Payments from their approved list of Payment Card Industry (PCI)-compliant service providers.

The Atlanta-based firm continued to process transactions for major card brands as it seeks rejoin those lists, it said in an update.

Global Payments stood by its initial estimate that fewer than 1.5 million cards were impacted by the March breach.

But it declined to provide any further details or a timeline of the attack.

"We identified and self-reported the incident in early March, and we will continue to provide information to the appropriate parties as revealed by the investigation," the company said.

A Visa spokesman on Wednesday told SC Magazine it asked Global Payments to re-validate its compliance to PCI by using a qualified security assessor.

Visa dumped Global Payments from its approved list of payments providers in April.

Retailers that used the company's services would not be liable for penalties during that time.

A MasterCard spokesman did not respond to a request for comment.

This article originally appeared at scmagazineus.com

Copyright © SC Magazine, US edition


Card brands dump Global Payments
 
 
 
Top Stories
ANZ looks to life beyond the transaction
If digital disruptors think an online payments startup could rock the big four, they’ve missed the point of why people use banks, says Patrick Maes.
 
What InfoSec can learn from the insurance industry
[Blog post] Another way data breach laws could help manage risk.
 
A ten-point plan for disrupting security
[Blog post] How can you defend the perimeter when it’s in the cloud?
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  29%
 
Application integration concerns
  3%
 
Security and compliance concerns
  27%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  21%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  4%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 1044

Vote