Thursday, July 21, 2005

CardSystems' chief criticizes its exclusion by Visa

A New York Times article by Eric Dash, via The International Herald Tribune, reports that:

The chief executive of CardSystems Solutions, John Perry, has lashed out at Visa, sharply criticizing it on the eve of congressional hearings into the vulnerability of consumer data for stopping his company from processing its cardholders' transactions.

Perry said late Wednesday that he was "justifiably concerned" by Visa's decision, in his first public statement since a mid-June disclosure that more than 40 million credit and debit card accounts passing through the processor had been put at risk for fraud.

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