* Says settlement related to 2008 systems breach
* Says resolves all intrusion-related issues with AmEx
Dec 17 (Reuters) - Credit card processor Heartland Payment Systems said it reached a settlement with American Express Co related to a 2008 criminal breach of Heartland's payment systems environment by cyber thieves.
Under the deal, Heartland will pay the credit card company $3.6 million, resolving all intrusion-related issues between the two companies, Heartland said in a statement.
'This settlement marks the first agreement with a card brand related to the intrusion,' Chief Executive Bob Carr said.
In January, Heartland said cyber thieves had breached its system in 2008 and had stolen credit card information.
Shares of Heartland closed at $12.46 Thursday on the New York Stock Exchange, while shares of American Express closed at $40.45.
(Reporting by Jochelle Mendonca in Bangalore; Editing by Unnikrishnan Nair) Keywords: HEARTLANDPAYMENT/AMEX (jochelle.mendonca@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: jochelle.mendonca.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says resolves all intrusion-related issues with AmEx
Dec 17 (Reuters) - Credit card processor Heartland Payment Systems said it reached a settlement with American Express Co related to a 2008 criminal breach of Heartland's payment systems environment by cyber thieves.
Under the deal, Heartland will pay the credit card company $3.6 million, resolving all intrusion-related issues between the two companies, Heartland said in a statement.
'This settlement marks the first agreement with a card brand related to the intrusion,' Chief Executive Bob Carr said.
In January, Heartland said cyber thieves had breached its system in 2008 and had stolen credit card information.
Shares of Heartland closed at $12.46 Thursday on the New York Stock Exchange, while shares of American Express closed at $40.45.
(Reporting by Jochelle Mendonca in Bangalore; Editing by Unnikrishnan Nair) Keywords: HEARTLANDPAYMENT/AMEX (jochelle.mendonca@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: jochelle.mendonca.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.