A lawsuit filed by small businesses in Florida, New York and California has been given permission to move ahead by a judge. The lawsuit is against American Express, Visa, Discover, and MasterCard. The plaintiffs are the owners of small, local grocery stores, who aim to recoup the costs of installing new chip readers. They believe that, by being forced to upgrade to the expensive EMV credit card chip readers, they are being financially damaged by the card issuers.
The business owners point out that by requiring the purchase and use of the new machines...
from MoneyTips http://www.moneytips.com/small-business-owners-sue-credit-card-issuers/201
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