Too much data leads to lawsuits.
According to the New Jersey Law Journal, the suits in New Jersey charge the companies--including Toys R Us outlets, Hess gas stations, and Avis and Budget rental car companies--with putting too much identifying information on credit card receipts. Suits filed in other states accuse IKEA, Costco, Victoria's Secret, and Rite-Aid with similar offenses, and the New Jersey Law Journal reported that more suits are on the way.
The Fair and Accurate Credit Transactions Act (FACTA) prohibits listing the expiration date or more than five digits of the account number from the customer's credit card on a receipt produced electronically. Violators can be liable for damages of up to $1,000 per violation.
According to a defense lawyer in the New Jersey cases, the large retail chains could face billions of dollars in claims if a wide-scale error resulted in the hundreds of thousands of non-complying receipts.
The New Jersey cases follow on the heels of litigation in California, where dozens of cases are pending. None has been decided, but judges have denied defense motions to dismiss for failure to state a claim.
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|Title Annotation:||UP FRONT: News, Trends & Analysis|
|Publication:||Information Management Journal|
|Date:||Jul 1, 2007|
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