Statement from CardSystems Solutions, Inc.

 

(June 17, 2005)

 

CardSystems Solutions, Inc., identified a potential security incident on Sunday, May 22nd.  On Monday, May 23rd, CardSystems contacted the Federal Bureau of Investigation.  Subsequently, the VISA and MasterCard Card Associations were notified to alert them of a possible security incident.  CardSystems immediately began a remediation process to ensure all systems were secure. Additionally, CardSystems immediately engaged an independent 3rd party to validate systems security. 

 

Since that time, concurrent to the investigation proceedings, CardSystems is completing the installation of enhanced/additional security procedures recommended by the security assessor involved in the investigation.

 

We understand and fully appreciate the seriousness of the situation.  Our customers and their customers are our lifeblood. We are sparing no effort to get to the bottom of this matter.  Our goal is to cooperate fully with the FBI to complete the investigation and ensure that we do nothing that might compromise the investigation.

MORE >

 

 

For Further Information:

Bill Reeves

Senior Vice President, Marketing and Communications

CardSystems Solutions, Inc.

Phone: (770) 395-2959

Fax:  (678) 306-4813

Email: media@cardsystems.com

 


CARDSYSTEMS SOLUTIONS PARTNERS WITH VALUETEC CARD SOLUTIONS TO OFFER GIFT CARD AND LOYALTY CARD PROGRAMS TO ITS MERCHANTS
Atlanta, GA / March 16, 2005 - CardSystems Solutions, Inc. a world-class provider of end-to-end credit card and payment processing solutions focused exclusively on meeting the needs of small to mid-sized merchants announced today that it has entered into an agreement with Valutec Card Solutions, Inc. the leading small merchant provider of stored value card systems. MORE >

RUESCH INTERNATIONAL PARTNERS WITH CARDSYSTEMS SOLUTIONS TO OFFER CREDIT CARD PAYMENT PROCESSING SERVICES TO ITS CLIENTS
Washington D.C., March 10, 2005 -- Ruesch International, Inc., a leading provider of international payment and global currency services announced today that it has entered into an agreement with CardSystems Solutions, a world-class provider of end-to-end credit card payment processing solutions focused exclusively on meeting the needs of small to mid-sized merchants. MORE >

CARDSYSTEMS SOLUTIONS RENEWS WITH TNS TO PROVIDE DATA NETWORK SERVICES
Reston, VA, March 9, 2005 - Transaction Network Services, Inc., a subsidiary of TNS, Inc. (NYSE: TNS), today announced that CardSystems Solutions Inc., a world leader in electronic transaction processing services, has again selected TNS to deliver CardSystems Solutions' primary transaction network transport in the United States. MORE >

CARDSYSTEMS AND USA.NET FORM PARTNERSHIP
CardSystems and USA.NET form a partnership to cross market services

Atlanta, GA - (December 16, 2004) - CardSystems Solutions, Inc., a leading provider of payment processing services, announced today that they have formed a partnership with USA.NET, Inc., the nation's leading provider of hosted eMessaging services, enabling cross marketing of services and solutions. "We are excited about the opportunities that this partnership will offer our merchant base," said John M. Perry, President and CEO of CardSystems. "In today's day and age, internal company communication is key to running a successful business. The relationship with USA.NET offers our merchants a true value-added package. CardSystems believes in looking at the total needs of our merchants, so not only will they receive premium payment processing services from CardSystems, USA.NET's superior hosted eMessaging services will ensure that their business communication needs are also met." MORE >

CARDSYSTEMS ENTERS PROCESSING RELATIONSHIP WITH GEORGIA CHIROPRACTIC ASSOCIATION
Georgia Chiropractic Association selects CardSystems as its perferred provider of payment processing services to its members

Atlanta, GA - (December 14, 2004) - CardSystems Solutions, Inc. announced today that the Georgia Chiropractic Association (GCA) has selected CardSystems as its preferred provider of payment processing services and solutions. Through this relationship, GCA members can take advantage of CardSystems credit card and debit card processing services, competitive pricing, and exceptional customer service. "We are very pleased that the GCA has selected CardSystems as its provider of payment processing services," said John M. Perry, President and CEO of CardSystems. "CardSystems provides a total value proposition that includes competitive pricing, state-of-the-art technology and excellent customer service that will help members of the GCA realize revenue growth opportunities, while improving business efficiencies." MORE >

SOURCE MEDICAL AND CARDSYSTEMS ANNOUNCE MULTI-YEAR CONTRACT
Healthcare Providers Offered Card Payment System to Achieve Optimal Financial Performance

Birmingham, AL, September 23, 2004 - Source Medical Solutions, Inc., the world's leading provider of outpatient information solutions, announced today a multi-year agreement with CardSystems Solutions, Inc., a firm whose electronic payment processing network enables ambulatory healthcare providers to reduce costs and improve financial and administrative performance. MORE >

CARDSYSTEMS SECURES $9.3 MILLION IN FUNDING
Leading Provider of Electronic Payment Processing Services to Expand Capabilities to Facilitate Future Growth

Atlanta, GA, August 31, 2004 - CardSystems, a leading independent full-service electronic payment processor for financial institutions, independent sales organizations and merchants, announced today that it had secured $9.3 million in a private placement led by Camden Partners, a Baltimore-based private equity firm, and included a number of existing investors. MORE >

 

 

 

 

 

 

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     2005 CardSystems, Inc.   |   CardSystems is a registered agent for Merrick Bank Corporation, South Jordan, Utah and The Provident Bank, Cincinnati, Ohio.