Credit Card Security: Six Digits Could Cost You Big Time
A reported 20 federal lawsuits filed in the Pittsburgh region over the past month are indicative of a growing trend that could cost small retailers big time. Consumers are filing class-action suits against retailers and businesses for violating a new credit card security law. Retailers who electronically print receipts that include more than the last five digits of the cardholder's card number are in violation of the Fair and Accurate Credit Transactions Act (FACTA), which was signed into law in December 2003 (with a three-year grace period for merchants to comply).
The ABA/Book Sense Lounge at BookExpo America (BEA) -- Room 401 at the McCormick Place Convention Center -- is the place to go to learn about Book Sense Bestseller reporting. ABA staff will be on hand from Thursday, June 3, through Sunday, June 6, to explain how easy it is to report your weekly sales figures through the Nielsen BookScan, ABA Upload, or ABA Web Data Form methods.