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After mass security lapse, RBS Worldpay gets IRS contract

After mass security lapse, RBS Worldpay gets IRS contract
After mass security lapse, RBS Worldpay gets IRS contract

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By Dan Goodin in San Francisco 
The Register
24th April 2009 

Free whitepaper =E2=80=93 Secure and managed file transfer In the era of 
regulatory compliance

RBS Worldpay - the electronic payment processor that admitted it exposed 
sensitive financial records for millions of customers - has been awarded 
a contract by the Internal Revenue Service to process tax return 
payments next year.

The company, which is a division of the Royal Bank of Scotland, will 
begin processing taxpayers' credit card payments starting in 2010, 
according to Brian Krebs's Security Fix blog. In return, RBS Worldpay 
will take a "convenience fee" amounting to 1.95 percent of the amount a 
taxpayer owes.

Last month, Visa yanked RBS Worldpay from its list of processors it 
considers compliant with industry-mandated standards for data security. 
In December, the company admitted that a hacker break in exposed 1.5 
million payroll and gift card holders and about 1.1 million social 
security records. Although the breach occurred in early November, the 
company waited until two days before Christmas to fess up, presumably to 
release the bad news when it is least likely to be noticed.


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