The CEO of CardSystems Solutions Inc. , the corporation responsible for a security breach that may have left up to 40 million credit card owners vulnerable to credit card fraud and identity theft, said Monday that...
Search Results for: MasterCard
CardSystems says FBI said not to go public on credit card security breach
CardSystems Solutions, Inc. said Friday that the FBI told them to refrain from releasing any informing regarding a security breach which potentially exposed over 40 million cardholders to fraud. CardSystems said they first discovered the...
MasterCard says 40 million cards potentially exposed to fraud
MasterCard announced late Friday that a security lapse at CardSystems Solutions , a third-party processing company in Tuscon, Arizona, has potentially exposed more than 40 million cards to fraud, and that it has notified banks of...
Corporations and securities brief ~ Lay fights spring trial date for personal fraud charges
Leading Thursday corporations and securities law news, ex-Enron Chairman Ken Lay filed a motion with US District Court Judge Sim Lake asking for his trial on personal bank charges be...
Corporations and securities brief ~ OFHEO expands probe into Fannie Mae
Leading Monday's corporations and securities law news, Fannie Mae regulator the Office of Federal Housing Enterprise Oversight (OFHEO) , has announced it is investigating Fannie's use of trusts which it set up to sell securities. Specifically,...
Corporations & securities brief ~ FERC to ask Enron to return money made during energy crisis
Leading Tuesday's corporations and securities law news, the Federal Energy Regulatory Commission (FERC) , who have been examining the trading schemes Enron employed on Western power consumers, contend that the energy giant should...
Corporations & securities brief ~ Dow Jones settles Australian defamation suit
In Monday's corporations and securities law news, Dow Jones & Co. has settled a defamation suit with Australian mining magnate Joe Gutnick. The suit arose out of an online publication of a story which portrayed Gutnick as a schemer...
American Express announced Monday that it is suing fellow credit card giants Visa and MasterCard, along with eight banks, alleging anticompetitive practices which prevented American Express from issuing credit cards through US banks. American Express said that it would...