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ATLANTA (AP) - Embattled payment processor CardSystems Solutions Inc. said it will sell its assets to San Francisco-based Pay By Touch after another suitor, CyberSource Corp., pulled out of negotiations.
The terms of the deal were not disclosed in a statement released over the weekend.
Last month, Mountain View, Calif.-based CyberSource, which specializes in handling online transactions, said it had signed a nonbinding letter of intent to buy Atlanta card payment processor CardSystems, target of the biggest known consumer data breach to date.
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