Visa Probes Security Breach At European Processsor

Law360, New York (December 16, 2011, 6:16 PM EST) -- Visa Europe is investigating a potential data security breach at one of its payment processors, the company said Thursday as some Romanian banks began taking steps to protect customers from fraud.

The company said that it had been alerted to a possible breach at a European processor and that an investigation was already under way.

"We are working closely with our member banks to ensure cardholders are protected," the company said.

While Visa did not identify which countries or banks might have been affected, Romania's state-owned...
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