March 31, 2016 at 12 p.m. EDT
With new technology behind how credit card transactions are processed and protected, accepting credit cards carries new data security risks and potential legal liabilities. In addition to the normal repercussions of a data security breach (reputation damage, the risk of class action litigation, and the risk of a regulatory investigation), if a retailer’s credit card system is compromised, the retailer may be contractually liable to its payment processor, its merchant bank, and ultimately the payment card brands. Boulder Partner David Zetoony and Courtney Stout discuss new payment processing technologies, their impact on data security, the risk implications for companies, and how in-house counsel can negotiate third party vendor contracts to minimize these risks. Click here for more information or to register.
We are presenting this audio web cast through Celesq® Attorneys Ed Center in partnership with West LegalEdcenter.