Chip card lawsuit to move forward against Visa, Mastercard, others

Image Source: Article

Image Source: Article

A federal judge has ruled it is plausible that four national credit-card companies improperly conspired “in lockstep” to set a deadline of Oct. 1, 2015 for requiring retailers to upgrade their technology to accept embedded chip cards for credit and debit card purchases.

In an order issued Friday (Case number C 16-01150 WHA), U.S. District Court Judge William Alsup agreed with two small Florida businesses -- B & R Supermarket and Grove Liquors — which brought the lawsuit in March.

Read the full article