With the October 1, 2015 liability shift deadline looming, merchants who have not yet made the change continue to evaluate the cost of accepting EMV cards versus the liability that will shift from the issuer to the merchant...more
8/21/2015
/ American Express ,
Credit Cards ,
Data Privacy ,
Debit Cards ,
EMV ,
Financial Institutions ,
Fraud ,
Payment Processors ,
Payment Systems ,
Point of Sale Terminals ,
Professional Liability ,
Visa Inc
We released the inaugural BakerHostetler Data Security Incident Response Report, which provides insights generated from the review of more than 200 incidents that our attorneys advised on in 2014. Over the next four weeks, we...more
When a merchant is suspected of being the victim of an account data compromise event, they are often required by the card brands to hire a Payment Card Industry Forensic Investigator (PFI). The PFI provides a report on the...more
Global Payments, which processes credit card transactions, announced on March 30, 2012 that an unauthorized person gained access to a portion of its processing system. Global Payments later disclosed that Track 2 data (card...more
2/20/2013
/ Article III ,
Breach of Implied Contract ,
Credit Cards ,
Dismissal With Prejudice ,
Fair Credit Reporting Act (FCRA) ,
Fraudulent Charges ,
Personally Identifiable Information ,
Putative Class Actions ,
Standing ,
Stored Communications Act ,
Theft ,
Unfair or Deceptive Trade Practices
Last week a small New England bakery announced that its point-of-sale (POS) devices were infected with malware that may have put card data at risk....more