Global Payments Trades Halted as Card Firms Probe Breach
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- Global Payments Inc., the transaction processor that plunged today on a report that account data may have been compromised, said it detected a possible breach weeks ago and told federal authorities.
“In early March 2012, the company determined card data may have been accessed,” the Atlanta-based firm said today in a statement four hours after its shares were halted, without specifying how many accounts may be affected. “The company promptly notified appropriate industry parties to allow them to minimize potential cardholder impact. The company is continuing its investigation into this matter.”