Suits Target Credit Info on Receipts
Posted Apr 30, 2007 9:58 AM CDT
By Debra Cassens Weiss
Recent lawsuits contend retailers and restaurant chains are violating a federal law that restricts credit card information on receipts.
Defendants include Rite Aid Corp., Wendy's International Inc., FedEx Corp., TJX Cos. and Inter Ikea Systems BV, according to the Wall Street Journal (sub. req.).
The suits say receipts may not print more than five digits of an account number and can’t include the expiration date of the card. Firms that violate the law could be ordered to pay up to $1,000 for each violation.
Some contend the law’s requirements are ambiguous.
Spiro Moss Barness, a Los Angeles law firm, has filed more than 40 lawsuits against retailers. “Slips of paper containing people's financial information should not be floating around,” says firm lawyer J. Mark Moore.