data breaches
Visa has removed Heartland Payment Systems and RBS WorldPay, the two huge
payment processors that suffered recent
data breaches, from its list of companies that are in compliance with Payment Card Industry (PCI) rules. It says they can get back on the list when they recertify that they have proper security in place. While this may sound like a significant change in the status of the companies, in reality
it does little to change how the three companies do business with each other or with merchants. It's just a way for Visa to protect itself from any upcoming lawsuits by banks and credit unions against the payment processors.
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data theft
Don't be too surprised if you get a letter from your bank or credit union in the next few weeks telling you it's replacing your credit card. If your data was among the
latest set compromised, Visa and Mastercard are already alerting financial institutions so they can cancel the account number.
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Consumerist
