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FBI Raids Chinese Credit Card Processing Point-of Sale Company PAX Technology

Published November 1st, 2021 by Servistree

The FBI raided the Florida division of a China-based manufacturer of point-of-sale devices that allegedly facilitated cyberattacks on American and European businesses. Headquartered in Shenzhen, China, PAX Technology Inc. has more than 60 million point-of-sale terminals in use throughout 120 countries.

Business owners use these devices to process credit card payments and are used everywhere from big box retailers to gas stations to coffee shops for processing customer payments.   The news was originally reported by WOKV, a local Jacksonville news outlet.  

Cybersecurity news site KrebsOnSecurity said the raid is tied to reports that PAX’s systems may have been involved in cyberattacks on U.S. and EU organizations. "The payment processor found that the PAX terminals were being used both as a malware ‘dropper’ — a repository for malicious files — and as ‘command-and-control’ locations for staging attacks and collecting information," the cybersecurity news site said.

Servistree Merchant Services, a registered ISO/MSP of Elavon, Inc. Georgia, a wholly owned subsidiary of U.S. Bancorp, Minneapolis, MN. is offering to assist any business affected.

Servistree will replace any PAX hardware free of charge and include 100K worth of data breach protection. They make the transition to their service fast, easy and without any contracts or cancellation fees and most importantly your customers card data will be safe from hackers. Learn more here or call or text 866-944-3244

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