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Retail Law Advisor

Tag Archives: credit card

Credit Card Evolution: Goodbye John Hancock

Posted in Banking, Restaurants, Retail, Retail Sales, Technology

For years, the signature requirement for completing a credit card transaction has felt something like an obsolete means of confirming a user’s identity. Effective this month, however, four of the country’s largest credit card providers: American Express, Discover, Mastercard and Visa, will no longer require a signature to complete a purchase via credit card. The… Continue Reading

From Strips to Chips: How Recent Data Breaches Threaten to Impact Your Point of Sale

Posted in Intellectual Property, Risk Management, Technology

The costs of recent data breaches have been staggering. In Target’s case, 40 million credit and debit card accounts were hacked, and the personal information of 70 million people was stolen. The cost to Target: $17 million in net expenses and a 46% decline in profits in the fourth quarter that ended February 1, 2014…. Continue Reading