Latest Heartland Payment Systems News: Finextra Research

Heartland agrees $3.6 million settlement with America Express

Heartland Payment Systems has agreed to a $3.6 million settlement with American Express relating to the criminal breach of the New jersey-based payments processor in 2008.

18 December 2009

/retail

Heartland forced to update Q3 results as data breach costs rack up

Heartland Payment Systems has revised its third quarter results after doubling the provision - to $73.3 million - for expenses related to the massive data breach it suffered last year.

10 November 2009

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VeriFone and Heartland legal spat escalates

An increasingly bitter battle between VeriFone and Heartland Payment Systems that has seen both file lawsuits in recent weeks, was stepped up today when VeriFone confirmed that it will terminate technical support relationships, and will instead offer free services to mutual merchant customers.

03 November 2009

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Heartland swings to Q2 net loss as cost of data breach mounts

Last year's data breach at Heartland Payment Systems continues to prove costly, with the vendor incurring related pre-tax expenses of $19.4 million in the second quarter, contributing to a net loss for the three months.

04 August 2009

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Heartland to fight MasterCard data breach fine

Heartland Payment Systems says a fine of over $6 million imposed on it by MasterCard in relation to the massive data breach it suffered last year is illegal and will be contested.

12 May 2009

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Heartland threatens rivals over PCI compliance claims

Heartland Payment Systems is threatening legal action against competitors it says are misleading merchant customers with claims they will be penalised for doing business with the processor after it was struck off Visa's list of Payment Card Industry Data Security Standard (PCI DSS) compliant service providers.

25 March 2009

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Visa pulls Heartland and RBS WorldPay from PCI DSS compliance list

In the wake of revelations about major data breaches, Heartland Payments Systems and RBS WorldPay have been removed from Visa's list of Payment Card Industry Data Security Standard (PCI DSS) compliant service providers.

17 March 2009

/retail

Citi re-issues cards following merchant breach

Citigroup has started sending replacement credit cards to customers whose accounts may have been compromised in the massive Heartland Payment Systems breach, the Associated Press reports.

23 February 2009

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Police make first arrests in Heartland breach case

US police have made the first three arrests linked to the Heartland Payment Systems data breach.

16 February 2009

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ICBA poll suggests thousands of banks at risk from Heartland breach

An informal online poll conducted by the Independent Community Bankers of America (ICBA) found that only four per cent of participating members have not been affected by the Heartland Payment Systems card data breach.

12 February 2009

/retail

Breached Heartland looks to end-to-end data encryption

After suffering a massive data breach last year, Heartland Payment Systems has questioned the effectiveness of current industry security standards and called for the adoption of end-to-end data encryption.

27 January 2009

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US payment processor Heartland reports massive data breach

Heartland Payment Systems says it has found malicious software in its processing system, potentially compromising the card data of millions of people.

21 January 2009

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