Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 5 Managing Technology and Information, Part 6 Managing Financial Resources.

Description:   Stephen and Cissy McComb say they managed their Italian eatery in Park City, Utah, for more than two decades without running afoul of security rules of Visa Inc. and MasterCard Inc. — until they were accused of mishandling data and opening the door to $1.26 million in fraud.

Source:  Bloomberg.com

Date: 01/1o/2012

Link:  http://www.businessweek.com/news/2012-01-10/park-city-eatery-balks-at-credit-card-fines-in-rare-court-fight.html

Questions for discussion: 

  • What are the legal and social issues involved in this report?
  • How can small businesses deal with the problems related to credit card companies and their policies?

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