Visa Pulls Off Its Support From Global Payments Over 1.5 Million Card Numbers Reportedly Hacked

Posted on Apr 2 2012 - 8:27am by Editorial Staff

A security breach that hit payment processor Global Payments which was confined to its North American operations and “exported” data for about 1.5 million credit card holders detail resulted in Visa dropping its support from Global Payments from its list of approved service providers.

Visa, the world’s largest credit and debit-card processing network, said it removed the company from its registry of compliant service providers due to “unauthorized access into a portion of (Global Payments’) processing system”. It said it had asked Global Payments to revalidate its compliance processes with the payment card industry’s data security standard.

Global Payments spokeswoman Amy Corn also confirmed the company had been taken off the list. “We expect to be reinstated once we have been issued a new report of compliance,” Corn said, noting that the company continues to process transactions for its merchants and customers.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.