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The author of this blog,
David T.S. Fraser, is a Canadian privacy lawyer who practices with the
firm of McInnes Cooper. He is the author of the Physicians' Privacy Manual. He has a national and international practice advising corporations and individuals on matters related to Canadian privacy laws.
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The views expressed herein are solely the author's and should not be attributed to his employer or clients. Any postings on legal issues are provided as a public service, and do not constitute solicitation or provision of legal advice. The author makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained herein or linked to. Nothing herein should be used as a substitute for the advice of competent counsel.
This web site is presented for informational purposes only. These materials do not constitute legal advice and do not create a solicitor-client relationship between you and David T.S. Fraser. If you are seeking specific advice related to Canadian privacy law or PIPEDA, contact the author, David T.S. Fraser.
Monday, June 27, 2005
Net insider calls for banishment of noncompliant processor
Networkworld's "Net Insider" is calling for the banishment of Cardsystems in light of relevations that it was not following the industry's rules:
The winner so far: CardSystems Solutions:"... According to the payment card industry, failure to meet the requirements can result in a permanent prohibition of participation in credit card programs. If the payment card industry is as serious about security as it claims to be, it will use this willful disregard of its own rules to send a message - it will permanently ban CardSystems from processing credit card transactions.
I feel sorry for some of the people that work at CardSystems but not sorry enough to suggest that the company be given a slap on the wrist if it promises to be good in the future...."
This may amount to the death penalty, but it certainly would send a very strong message to whole industry. If that were to happen (I don't expect it will), I'd bet there'd be a huge class-action suit against the directors and officers for overseeing the destruction of the company.
Also ... imagine if retailers who didn't follow the rules were cut off from accepting credit cards....
Labels: cardsystems, information breaches
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