Global Payments confirm that the security breaches of data were checked & controlled

Tuesday, April 24th, 2012
Updated: April 24th, 2012
The content is accurate at the time of publication and is subject to change.

The latest breach of security related to credit cards has cost the data losses or exposure of more than 1.5 million credit card holders. The most toll of the breach was provided by the Global Payments Company.

Global Payments provides credit cards to companies such as Visa, MasterCard, American Express, etc. The card processing company has however admitted that the online hackers have got their access to the account numbers of the card of several individuals, the data regarding the card expiration along with other security codes of the credit card holders.

This not only made the card processing company Global Payments lose a lot of their shares in the stock exchange but also earned them certain rebukes from their clients, most of which have removed their name from their third party approval list. The companies taking such steps would include names like Visa & the MasterCard. However the American Express authorities have raised their concerns & confirmed that they are looking into the matter & checking the extent of the breach & its potential impact on the customer related data or other personal information.

During the weekend the Global Payments authorities have confirmed that the hackers have somehow exported the information they stole from their server. However the authorities of the card processing firm has revealed proofs & claimed that the hackers could not gain access to the names of the individual card users, their address & the associated Social Security Numbers. This report was certified by the CEO of the concerned firm Paul Garcia who also claimed that the security issues would be increased & more money would be invested on the security concerns. He added that “he was not at all surprised with their disapproval from the Visa’s list of third party providers. He also expected the MasterCard to take a similar kind of action.”

As a matter of fact there are reports that the hackers can take more control of the personal data collected from the breach of security. In the month of June the computer hackers stole information from about 360,000 credit cards or the accounts from the houses of the Citigroup. With such instances looming large there have been a lot of concerns among the bank authorities as well as the credit card holders who are now a touch bothered before opening any account with banks related to the Global Payments Company.


All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Other Card News

Tuesday, June 20th, 2023

A student loan refinancing typically involves taking out a new loan to pay off your existing debt. Refinancing student loans can potentially lower your interest rate, fees, or/and allow you to get better repayment terms, helping you save money. However, it is important to consider whether your loan is private or federal and what benefits […]

Saturday, December 26th, 2020

2020 has definitely been a very unusual and challenging year. Many of us have been waiting for its end more than ever. And now, when there is less than a week left until the beginning of the new year, it’s time to sum up the outgoing one and find out the results of the annual […]

Friday, September 11th, 2020

Walmart is finally ready to introduce a new subscription service offering free same-day delivery and fuel discount. Walmart+ was supposed to go live back in July, however, it was delayed due to the COVID-19 outbreak. Now the launch is planned to take place on September 15. The new product will help you order any goods […]

Thursday, August 27th, 2020

This month, American Express introduced its new tool called MyCredit Guide. The Amex website says: “We believe everyone should know their credit score and have the tools to understand it better.” That’s why the new feature was developed. Using the tool, you can find out your credit score and take a look at your credit report, […]

Saturday, March 7th, 2020

A virtual credit card is a unique credit card number that is linked to your main credit card account but is different from the physical card number. The virtual credit card number allows to shop online or over the phone without using your physical credit card. The numbers can usually be used once and expire if not used. The cardholders can also delete the numbers if they want or need to.

Best Credit Offer
Surge® Platinum Mastercard®
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Horizon Card Services Group One Freedom Card
Copyright © 2001-2024 BestCreditOffers.com All Rights Reserved.

See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by BestCreditOffers.com. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The BestCreditOffers.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. BestCreditOffers.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the BestCreditOffers.com website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.

BestCreditOffers.com makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that BestCreditOffers.com may be compensated by the credit card issuers when the readers apply for a credit card through this site.

BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.