Wednesday, January 21, 2009

Credit Card Breach: Visa, MasterCard, American Express, Discover Customers Vulnerable


I believe the Credit Card companies must have a contract with Heartland Systems which allows Heartland to access Card Association systems in order to perform transactions. If that were the case, one would think that the Credit Card companies would perform some degree of due diligence to insure their customer data though the processor was secure.



If it was a fraud that took place at a store or business that was breached that would be one thing, and the business would be culpable, but a known Payment Processor, which would be an intermediary for debit and credit card transactions between the Credit Card companies and the Merchants would put the Card Associations and Heartland Systems on the hook for the losses, I would think.
Read the Article at HuffingtonPost

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