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April 2, 2012

Global Payments Breach Hits 1.5 Million Cards

Payment processing firm Global Payments said today that a recent breach affected approximately 1.5 million card numbers, and has prompted Visa to drop it as a firm that is compliant with payment card industry (PCI) standards.

In a Monday morning conference call, Global Payments chairman and CEO Paul R. Garcia said "we believe that this incident is contained."

"Fewer than 1.5 million card numbers may have been stolen," Garcia continued, and the "theft is confined to our North American processing system."

Garcia said Global Payments does not believe any card holder names, addresses, Social Security numbers, or consumer banking information was obtained by the criminals. The company's merchants and sales partners were also not involved, he said.

The incident was first reported last week when MasterCard and Visa notified customers that a then-unnamed credit card processor had experienced a breach. Visa later identified the company as Global Payments, and stressed that "there has been no breach of Visa systems, including its core processing network VisaNet."