The blog said the breach was "massive," and could involve more than 10 million card numbers. 'Massive' breach? News of the breach was first reported by the respected security blog Krebs on Security. It plans to hold a conference call Monday morning to provide more details on the debacle. "It is crucial to understand that this incident does not involve our merchants or their relationships with their customers," Global Payments said. It emphasized that none of them were to blame for the data leak.
Global Payments specializing in serving small merchants, like mom-and-pop businesses and local retailers. That's a massive business: Global Payments processed $167.3 billion worth of transactions in its last fiscal year, which ended May 31, 2011. When a customer swipes a credit card, the data is sent to a payment processor like Global Payments, which then forwards the transaction information to card companies like Visa and MasterCard. Late Sunday, Visa spokeswoman Sandra Chu confirmed to CNN that Visa had removed Global Payments from its list of preferred credit-card processors. is aware of a potential data compromise incident at a third party entity affecting card account information from all major card brands," it said. Global Payments did not say which card companies were affected, but Visa released a statement saying that it was all of the big players. The stock did not resume trading before the market closed. Secret Service spokesman said Saturday that the agency is investigating the incident.Ī Wall Street Journal report from earlier Friday saying that Global Payments had been hacked sent the company's shares down 9% before trading was halted.
Global Payments did not say how many accounts were affected, or what kind of information was compromised.
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