Articles Tagged with "Visa"


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Heartland Payment Systems and Visa Inc. Announce Acceptance Rate of Over 97 Percent for Data Security Breach Settlement Agreement

February 05, 2010 from: Office of Inadequate Security

Financial institutions representing more than 97 percent of eligible Visa-branded credit and debit cards have accepted the Alternative Recovery Offers they received pursuant to the settlement entered into by Visa Inc. (NYSE:V), Heartland Payment Systems® (NYSE: HPY) and Heartland’s sponsoring acquirers last month. This level of acceptance fulfills the 80 percent opt-in condition that was...

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Proposed VISA/Heartland Data Breach Settlement May Pay Banks and Credit Unions Pennies on the Dollar – plaintiffs

January 20, 2010 from: Office of Inadequate Security

Banks and credit unions that issued VISA payment cards compromised by the Heartland Payment Systems data breach, the largest data breach in history, should carefully review the proposed settlement between Heartland and VISA.

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Heartland in $60 mln settlement agreement with Visa

January 08, 2010 from: Office of Inadequate Security

Heartland Payment Systems Inc (HPY.N) said it reached a $60 million settlement agreement with Visa Inc (V.N), under which it will pay issuers of Visa-branded credit and debit cards for data security breach claims.

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