Visa, Mastercard warn of security breach
Global Payments Inc., GPN -9.06% which processes credit cards and debit cards for banks and merchants, has been hit by a security breach that has put some 50,000 cardholders at risk, according to people with knowledge of the situation.
The full extent of the breach couldn’t be determined, one of the people said. It wasn’t immediately clear if cardholders have been hit by fraudulent transactions.
Representatives of Atlanta-based Global Payments, a so-called third-party processors of payment cards, including debit cards, credit cards, and gift cards, couldn’t be reached for comment.
The news comes as MasterCard Inc. MA -0.84% and Visa Inc. V -0.52% have been alerting their card-issuing bank customers about the potential breach. It wasn’t immediately known if the banks are planning to reissue cards to their customers.