Visa and MasterCard warn of recent “massive” breach of US processor

Security of 50,000 cardholders compromised

Banks across the US are being warned about a recent breach of Atlanta based credit and debit card processor Global Payments that compromises the security of up to 50,000 cardholders, reports and the Wall Street Journal. The breach allegedly took place between January 21st and February 25th 2012 and full Track 1 and Track 2 data was taken, enabling the duplication of counterfeit cards. Affected banks are currently analysing transaction data with the hope of narrowing down a common point of purchase which some claim are parking garages in the New York area.   

MasterCard’s own systems have not been compromised in any manner,” said a company spokesman to the WSJ. Visa is yet to release a statement.

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