Sunday, December 11, 2005

Cardsystems acquisition closes

The acquisition of Cardsystems by Pay by Touch announced in October (The Canadian Privacy Law Blog: Another suitor for CardSystems) has been concluded, according to a release issued on Friday: Pay By Touch Completes Acquisition of CardSystems Solutions: Financial News - Yahoo! Finance.

For those who may have forgotten, Cardsystems was involved in a high-profile data breach earlier this year: The Canadian Privacy Law Blog: Incident: Security Breach at CardSystems Solutions Inc. Could Expose 40M to Fraud.

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