US processor Heartland Payment Systems will
pay $5m to Discovery Financial Services in its final settlement on
a 2008 data breach.
The agreement follows a $41.4m payout to
MasterCard, a $60 million agreement with Visa and a $3.6m bill from
American Express as a result of the security lapse.
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In January 2009, Heartland admitted that
malicious software had been found in its processing system,
potentially compromising millions of customers’ card details.
“This settlement marks out final agreement
with a card brand related to the intrusion,” said Bob Carr,
Heartland’s chairman and chief executive officer.
Heartland agreed to pay $2.4m in settlement of
a consumer cardholder class action suit last December.
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