Restaurant Tells Credit Card Cos. “Prove It” In Suit
FINANCIAL PRIVACY—U.S.January 9, 2012
Restaurant owners Stephen and Cissy McComb are suing their credit card processing bank after it collected fines claiming that the couple violated industry data-handling rules. Bloomberg reports that the couple is suing USBancorp, saying there is no proof that customer data was stolen from their restaurant and industry contracts are unfair. The couple says Bancorp took money from their accounts to pay for loss claims without giving them an opportunity to prove they were not at fault, and two investigations showed no evidence of hacking. According to one expert, the dispute highlights merchants' dissatisfaction with the industry. "This case has the potential to send the message that merchants can stick up for themselves in these relationships."