Heartland Payment Systems Inc. has agreed to pay $5 million to Discover Financial Services to settle issues related to the 2008 data security breach of the payment processor's systems.
Princeton, N.J.-based Heartland announced the data breach settlement Wednesday.
"We are pleased to have reached an equitable settlement with Discover," Bob Carr, Heartland chairman and CEO said in a press release. "This settlement marks our final agreement with a card brand related to the intrusion."
In May, Heartland said it would pay MasterCard issuers up to $41.4 million to settle claims related to the 2008 breach. Earlier this year, the payment processor reached an agreement with Visa Inc. to pay up to $60 million to Visa card issuers for breach related costs. In December, the company announced a $3.6 million settlement with American Express to resolve intrusion-related issues.
In March, Albert Gonzalez, 28, of Miami, was sentenced to 20 years and one day in prison for leading a series of breaches into Heartland and other companies. More than 130 million credit and debit card numbers from five companies
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Michael S. Mimoso, Editorial Director
were stolen in the hacking spree and more than 250 financial institutions were affected, prosecutors said.