Chip card lawsuit to move forward against Visa, Mastercard, others
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.
Alsup’s ruling also allows the antitrust case against Visa, Mastercard, American Express and Discover Financial Services to move forward in federal court for the Northern District of California.
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