Users login

Create an account »


Users login

Home » Hacking News » AmEx dumps CardSystems

AmEx dumps CardSystems

by Nikola Strahija on July 26th, 2005 American Express has joined Visa in dropping CardSystems Solutions as a payments processor. This move was largely influenced by the data security scandal that compromised the personal data of 40 million credit card customers.

In the biggest ever single breach of personal data security in US history, it is believed that the records of around 200,000 credit card customers were stolen.

The FBI is still investigating the theft, which could lead to customers’ identities being used by the hackers to commit fraud.

Visa announced it would no longer use CardSystems earlier this week and American Express has now followed suit. Both companies say do not have any more confidence in those security systems.

MasterCard, which also uses CardSystems, has given the company until August to put in place improved security systems to stop the kind of breach that took place this June.

CardSystems said it was “disappointed” by Visa’s decision but hasn’t responded so far to American Express’s move.

Newsletter signup

Signup to our monthly newsletter and stay in touch with IT news!

Free E-books

We've got ebooks! But they're not online. :( Please give us a few days to bring downloads back.


Have something to say or just wanna drop us a line? Please keep this in mind: to spam, we reply with spam.

Contact us »