Visa Cuts Payment Processor

Computer Weekly reports that Visa has axed payment processor CardSystems Solutions after its network was breached, compromising the data security of 40 million Visa, MasterCard and American Express customers.

When news broke that remote hackers had broken into the processor’s network in June, the main focus was on MasterCard, which went public on the scandal. But most of the accounts affected were in fact Visa customers.

It is believed that personal details of around 200,000 customers were actually stolen.