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16 Oct, 2006 12:40 am
... .'s board will consist of a majority of independent directors. A search for independent directors and a chief executive officer for Visa Inc. is under way. According to an
article in The American Banker (paid subscription required), Visa's and MasterCard's transfer of ownership to the public and removal of control
of the Board from the member banks will have other positive effects. Visa International's plan to go public is expected to lend ...
8 Dec, 2006 8:06 am
... 2006, the Second Circuit issued its opinion in Paycom Billing Services, Inc. v. MasterCard Int'l, Inc., 2006-2 Trade Cas.
(CCH) ¶ 75,470, ... another in the issuance of payment cards and the acquiring of merchants' transactions." Id., at *4 (internal citation and quotations omitted). These members
agree to abide by certain regulations ... Id., at *8. Paycom's Chargeback System Challenge Paycom's challenge to MasterCard's chargeback system
was rooted in its exclusive processing of "card-not-present" ("CNP ...
28 Mar, 2007 1:35 pm
... copies a prior commercial infringement of our copyright," said Gina Rosenblum, president of Rosenblum Productions Inc. "We recognize the legal issues inherent under the First
Amendment and the copyright law as to ... card commercial to criticize the influence of money on politics was found to be a parody in MasterCard International, Inc. v. Nader 2000 Primary Committee, Inc. Ralph Nader, 2004 WL 434404 (S.D. N.Y. 2004). Nader ran
advertisements based on MasterCard's "Priceless" advertisements. At ...
5 Jul, 2007 1:16 pm
PERFECT 10, INC., v. VISA INTERNATIONAL SERVICE ASSOCIATION; FIRST DATA CORPORATION; CARDSERVICE INTERNATIONAL, INC.; HUMBOLDT OPINION BANK; MASTERCARD INTERNATIONAL, INC. No. 05-15170 (9th Cir. July 3, 2007) "Perfect 10, Inc. (Perfect 10) sued Visa International Service
Association, MasterCard International Inc., and several affiliated banks and data processing services (collectively, the
Defendants), alleging secondary liability under federal copyright and trademark law ...
3 Jul, 2007 2:01 pm
... International: Perfect 10, Inc. (Perfect 10) sued Visa International Service Association, MasterCard
International Inc., and several affiliated banks and data processing services (collectively, the Defendants), alleging secondary liability under federal copyright and ...
, software companies and even utility companies. "The electric companies should be liable far faster than Visa and MasterCard," said Andrew P.
Bridges, the San Francisco attorney who represented Visa and MasterCard. "Hey, it takes ...
6 Jul, 2007 8:25 am
Companies processing credit card payments for Web sites featuring pirated content are not liable for copyright violations, a U.S. appeals court panel ruled. The ruling by the
three-judge panel of the San Francisco-based U.S. 9th Circuit Court of Appeals affirms a lower court decision against Perfect 10 Inc. in its dispute with Visa
International Service Association, MasterCard International Inc. and affiliated banks. Read the article: Reuters
8 Dec, 2008 5:02 am
... economy, that might seem fabulous, but it's actually surprising that the firm isn't enjoying a super-banner year. After all, in the last year-and-a-half client American Express
Company settled its antitrust cases against Visa, Inc., and Mastercard International, Inc., for a series of payments that
could reach $4.05 billion; David Boies had previously told The American Lawyer that the firm was working for a partial ...
28 Aug 2:33 am
... 185 Misc.2d 852, 860 (N.Y. Sup. Ct., 1999). On the other hand, the 5th Circuit and District Courts in other Circuits have held that the Wire Act only prohibits wire transmissions
for sporting events, but not on-line gaming, such as poker. In re MasterCard. Intern. Inc, Internet Gaming Litigation, 132
F.Supp.2d 468 (E.D. La. 2001), aff'd 313 F.3d 257 (5th Cir. 2002); United States v. BetOnSports PLC, U. ...
26 Jul, 2006 6:23 am
... New York-based company said in a filing with the Securities and Exchange Commission. Visa International Inc. was also a defendant in the lawsuits. Telecom mergers. The
Tunney-Act review of the telecom ... said Wednesday they had closed an antitrust probe into plans by China International Marine Containers to take over Dutch company Burg
Industries BV after ... 05/1065), E.ON/MOL (see IP/05/1658)). Technorati Tags: antitrust, Mastercard, SBC, AT&T, Verizon, MCI, CIMC, Burg
Industries, EU Commission, ...
21 Jul 3:30 am
... Brackett Denniston III, General Electric, CT, $7,050,200 Charles Wall, Philip Morris International Inc., NY, $4,194,538 Alan Braverman, The Walt Disney Company, CA,
$4, ... , Virgin Media Inc., NY, $1,206,891 Noah Hanft, MasterCard Incorporated, NY, $1,198,250 Steven Cossé, Murphy Oil Corporation,
AR, $1,195,833 Robert Schoonenberg, Avery ... , $1,133,333 Ellen Fitzsimmons, CSX Corporation, $1,092,500 Cheryl Hodges, Omnicare, Inc., KY, $1,081,689 Susan Lanigan, Dollar
General Corporation, TN, $1,048,179 ...
18 Jun, 2005 5:16 am
As MasterCard International reported in a press release yesterday, a huge breach of security was detected at a third-party processor of
payment card data. According to this, as many as 40 mio credit cards were potentially exposed to fraud, of ... Express card holders are also affected, Visa did not yet comment. The
company that processed the data, CardSystems Solutions, Inc., sounded very apologetic in a press release (pdf): "We understand and fully appreciate the seriousness of the
situation. Our ...
25 Feb, 2007 8:53 pm
... case arguing that the credit union wasn't a party to a private contract between Visa International Inc., BJ's and its processing bank, Fifth Third Corp., which
outlines who is liable for fraud. Two other banks -- TD Banknorth Inc., of Portland, Me., and Sovereign Bank of Philadelphia -- also sued and lost their ... recovery process is
so cumbersome that it is nearly impossible for them to recover their full losses. MasterCard Inc. has had such written agreements for
years and Visa USA Inc. ...
17 Jan, 2008 10:00 pm
... Updates) Lithuania Protection of well-known trade marks: Practice and pitfalls: (International Law Office) Philippines Philippine launch celebration: a vibrant member of the
global commons ... customer, there is no likelihood of confusion - Custom Mfg. & Eng'g, Inc. v Midway Services: (Mondaq), Tafas v Dudas: The need for presidential appointment
... contactless credit card cash transaction processes and wins hefty settlements from MasterCard, First Data, Visa, JP Morgan Chase and Wells
Fargo: (Patent ...
8 May 10:00 am
... SAFETY 1ST mark: Dorel Juvenile, Inc v OHIM (Class 46) ECJ: PAGO - is Austria 'substantial'?: PAGO International GmbH v Tirol Milch registrierte ... IP Factor) Kenya
The case for formal registration and deposit of copyright works (International Law Office) Poland Supreme Administrative Court legitimate interest interpretations: Cassation ...
construction: Every Penny Counts v American Express, Visa, Green Dot, MasterCard, First Data (Patently-O) CAFC: Pointing out the problem to be
solved or objects ...
17 Jul, 2007 8:31 am
... that determining when such liability may arise can be tricky. In Perfect 10, Inc.. v. Visa Intern. Service Ass'n, 2007 WL 1892885 (9th Cir. 2007), ... the purchase of
copyright protected, and violated, images. Perfect Ten sued Visa, Mastercard, and other affiliated banks for processing credit card payments to
websites that infringe Perfect 10's intellectual property rights. Perfect Ten also alleged that international websites stole its images, altered them, and then illegally offered
them for sale ...
28 Mar, 2008 4:17 pm
... , said Jay Westbrook, a professor of business law at the University of Texas Law School in Austin and a former adviser to the International Monetary Fund and the World Bank.
``Be careful what you wish for,'' Westbrook said. ``They wanted to make sure ... for Responsible Bankruptcy Laws, has since disbanded. Its members included Washington Mutual, JPMorgan,
Bank of America, Citigroup, MasterCard Inc., and Morgan Stanley. Ford Motor Co., General Motors and DaimlerChrysler also were members.
They won ...
13 Jun, 2008 2:44 pm
... action lawsuit that more closely mirrors the retail drug chains' suit (compared to the Visa/Mastercard suit) was previously filed in 2006
against AmEx . That suit challenges AmEx's ... seeks only injunctive relief (not monetary damages). See Performance Labs, Inc. v. American Express, No. 06-cv-2974 (S.D. N.Y ...
has been working on one such lawsuit, and is investigating others. Because of the internal politics at in-house legal departments, it can often be difficult for counsel to
approve a retailer's ...
2 Oct 2:38 am
... that conducts research on privacy, data protection and information security policy. PCI DSS is created by the Payment Card Industry Security Standards Council (the "Council"), an
international organization founded by American Express, Discover Financial Services, JCB International, MasterCard Worldwide, and
Visa Inc. in 2006 to develop and manage certain credit card industry standards related to data privacy and security. PCI ...
3 Aug, 2007 9:28 pm
... for continuing to process charges made by purchasers of the pirated photos. The case, Perfect 10, Inc. v. Visa Intern. Service Ass'n, 2007 WL 1892885 (9th Cir. 2007),
involved infringements of what the plaintiff referred to as "tasteful copyrighted images of the world's most beautiful ... sale online. Instead of suing these direct infringers,
however, Perfect 10 sued Visa, MasterCard and other entities that processed credit card payments to the allegedly infringing websites after
being ...
27 Aug, 2008 5:02 pm
... protections affored unencrypted emails are not ironclad. See, e.g., Scott v. Beth Israel Medical Center, Inc., 847 N.Y.S.2d 436 (N.Y. Sup. Ct. Oct. 17, 2007) (refusing ...
client email exchange be worth to unscrupulous investors? To quote the MasterCard commercial -- "priceless". Encryption keeps email safe from
prying eyes, regardless of whether the eyes belong to a hacker or to internal personnel. Email encryption services today are inexpensive and readily installed. They provide "send
to anyone" ...
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