Credit and debit card payments giant Verifone [NYSE: PAY] is actively investigating a breach of its internal computer networks that appears to have impacted a number of client companies running their point-of-sale solutions, according to sources. Verifone stated that the extent of the breach was limited to its corporate network and that its payment services network was not impacted.
San Jose, Calif.-based Verifone is one of the largest makers of credit card terminals used in the United States. It sells point-of-sale terminals and services to support the swiping and processing of credit and debit card payments at a variety of businesses, including retailers, taxis, and fuel stations.
On Jan. 23, 2017, Verifone sent an “urgent” email to all company staff and contractors, warning they had 24 hours to change all company passwords.
We are currently investigating an IT control matter in the Verifone environment,” reads an email memo penned by Steve Horan, Verifone Inc.’s senior vice president and chief information officer. “As a precaution, we are taking immediate steps to improve our controls.