July 22, 2005
Visa Kicks CardSystems
Remember that stupid company that compromised tens of millions of credit card numbers because it kept the information on their computers when it should of be deleted? Well Visa decided to kick them off their system. Everyone of their customers should do the same, so other companies realize they better take security seriously.CardSystems has not corrected, and cannot at this point correct, the failure to provide proper data security for those accounts," said Tim Murphy, Visa's senior vice president for operations in a memorandum sent to several banks. "Visa USA has decided that CardSystems should not continue to participate as an agent in the Visa system.
