Major American Credit Card Companies Getting Sued by Wikileaks' Processor
Powerhouse credit card companies like Visa and Mastercard are declining transactions associated with Wikileaks - specifically, refusing to process donations to the organization. Wikileaks has been under investigation for allegedly releasing privacy information and its founder is in British custody for an assortment of legal concerns. Wikileaks' payment processor is now suing those companies that are refusing to complete donation transactions with Wikileaks alleging this practice is crippling the business.
However, while no specific information has been released by the credit card companies regarding the money frozen in Wikileaks' accounts, they appear to be undertaking due diligence to ensure that the transactions are legal. American credit card companies have come under extreme scrutiny for not doing due diligence in the past. Maybe this is a sign that they have learned their lesson from making questionable business decisions in the past and are recognizing a need to take preventative acts to avoid federal fines and penalties. U.S. companies do not wish to appear to be financially contributing to any company that is allegedly leaking private customer information.
To read more about this story, please visit WikiLeaks' payment processor to sue card companies.
If you have a question about your privacy rights or if you are concerned about your business complying with privacy laws, contact Wood, Atter & Wolf, P.A., a Jacksonville, Florida law firm.
