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On January 20, 2009 Heartland announced that it had been "the victim of a security breach within its processing system in 2008". [8] The data stolen included the digital information encoded onto the magnetic stripe built into the backs of credit and debit cards; with that data, thieves can fashion counterfeit credit cards by imprinting the same stolen information onto fabricated cards. [9]
Alliance Data was formed from the December 1996 merger of two entities: J.C. Penney's credit card processing unit and The Limited's credit card bank operation, named World Financial Network National Bank. [5] In August 1998, Alliance Data acquired LoyaltyOne, then-branded The Loyalty Group Canada, for $250 million. [6]
It also provides reloadable prepaid debit cards and payroll cards, and demand deposit accounts to the underbanked. [citation needed] In 1959, TSYS was founded as a division of Columbus Bank and Trust (now Synovus). In 1974, it began processing credit cards for other banks. In August 1983, the company became a public company via an initial ...
Heartland Promotes Drew Townsend to Corporate Credit Position DUBUQUE, Iowa & GALENA, Ill.--(BUSINESS WIRE)-- Heartland Financial USA, Inc. announced today that Andrew E. Townsend, president of ...
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had ...
Heartland Financial USA, Inc. to Acquire Heritage Bank, N.A. in Phoenix, Arizona DUBUQUE, Iowa--(BUSINESS WIRE)-- Heartland Financial USA, Inc. (Nasdaq: HTLF) announced today that it has entered ...
Albert Gonzalez (born 1981) is an American computer hacker, computer criminal and police informer, [1] who is accused of masterminding the combined credit card theft and subsequent reselling of more than 170 million card and ATM numbers from 2005 to 2007, the biggest such fraud in history.
Heartland was created from the merger of CBS Canterbury (Canterbury Building Society), Southern Cross, MARAC and PGG Wrightson Finance. [6] The rationale for the merger was to create a financial institution that had both widespread national coverage and enough assets and resources to get a full banking licence.
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