Craigslist Beats Suit Over Customer Payment Data

Law360, New York (August 31, 2011, 4:45 PM EDT) -- A California judge tossed a putative class action that accused Craigslist Inc. of violating a law that makes it illegal for merchants to record personal information when accepting credit card payments, ruling last week that the law did not apply to online transactions.

The case, dismissed Aug. 24, was a matter of first impression in California, and the plaintiff's interpretation of the Song-Beverly Act would have effectively destroyed online companies' ability to conduct identity verification and fraud checks during credit card transactions, attorneys for Craigslist said....
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