Visa drops Global Payments following theft of 1.5 million card numbers

Following a massive security breach, Visa has dropped Global Payments from its registry of providers that meet data security standards, The Associated Press reported on Monday. Global Payments CEO Paul Garcia said that the company will continue to process Visa transactions, however being dropped from the registry “could give our partners some pause that they’re doing business with someone who experienced a breach.” Garcia fully expects his company to be reinstated once it has been issued a new report of compliance, although he declined to specify when that might happen. The CEO maintains that the situation is “absolutely contained” and is being fully investigated. Global Payments confirmed on Sunday that hackers stole credit card numbers belonging to as many as 1.5 million MasterCard and Visa customers, however cardholder names, addresses and Social Security numbers were not compromised. The company plans to set up a website to assist consumers who might have been affected by the breach.

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