If credit card processing companies process transactions for items that infringe on trademarks, can they be held liable? Thanks to Gucci, this is a question that will have a chance to be answered in court. August 5, 2009 Gucci America Inc., a subsidiary of Paris based PPR SA, filed a federal lawsuit against several credit card processing companies in New York Southern District Court for being part Read More...
Accepting credit cards can be a very intimidating option to consider as a sole practitioner or small-firm attorney - if you deal with collecting retainers from your clients... The word "merchant service" has developed an almost ominous connotation among solo professionals - and for good reason. Most people associate the phrase with ludicrous fees, minimum transaction volumes, equipment rentals an Read More...
Due to the staggering amount of daily transactions, and the number of people involved in every step of the process, there exists a sizeable amount of risk. Errors can and will occur- and errors, regardless of their origin, cost everyone- the cardholder, the bank, the merchant and the processor- in the long run. Knowing about the risks will go a long way toward preventing future mistakes, downtim Read More...