By Kevin Drawbaugh, Reuters
U.S. payment processing firm CardSystems Solutions Inc. said on Thursday it faces “imminent extinction” after revealing last month a massive credit card data security breach.
The privately held payment processor for more than 100,000 merchants, CardSystems last month disclosed that details of 40 million cards — names, account numbers and expiration dates — had been exposed to possible misuse. The FBI is investigating.
CardSystems said at a congressional hearing into the matter that it knows specifically of information being removed from its databases for 239,000 separate card accounts.
For this complete story, please visit U.S. Payment Processor on Ropes After Data Breach.
