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Heartland settlement with Visa prompts lawsuit against acquiring banks

Heartland settlement with Visa prompts lawsuit against acquiring banks

In the wake of Heartland Payment Systems’ data breach settlement with Visa, lawyers representing five financial institutions have filed a class action lawsuit against two acquiring banks, claiming they share responsibility for damages caused by the intrusion. Last month Heartland agreed a settlement with Visa to pay up to $60 million to issuers of Visa-branded [...]

The post Heartland settlement with Visa prompts lawsuit against acquiring banks appeared first on Payments Cards & Mobile.

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