Credit Card Court Battle Tests Laws
An AP newswire article by Michael Liedtke, via Yahoo! News, reports that:
Testing the bounds of consumer protection laws, Visa USA Inc. and MasterCard International Inc. are headed for court to determine whether they are obliged to notify 264,000 customers that a computer hacker stole their account information.
The dispute to be argued Friday in San Francisco County Superior Court revolves around a highly publicized security breakdown at CardSystems Solutions Inc., one of the nation's largest payment processors.
Although a ruling in the class-action consumer lawsuit wouldn't have legal standing outside the state, it would increase the pressure on Visa and MasterCard to notify all affected accountholders in this and any future breaches.
That would compound the headaches that the CardSystems imbroglio already has caused.
posted by Fergie @ 9/22/2005 04:28:00 PM
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