A class action complaint was filed in the U.S. Southern District Court in Houston, TX on Tuesday. The case was brought after a proposed $60 million Visa/Heartland data breach settlement. The amount of money being offered to the affected institutions is “pennies on the dollar,” says Mike Caddell, the class action suit’s co-lead counsel. One institution that is suing Heartland has already spent more than $1 million in fraud reimbursement and card replacement. The potential list of institutions affected by the breach may number in the thousands.”]
Source: https://www.fraudtoday.io/heartlands-acquiring-banks-sued-a-2096