US government gets shirty with retailers' card slips

Class action lawsuits have been filed against more than 100 retailers across the US, including Wendys, TJX and Fedex, for printing too much cardholder information on their transaction slips.

According to the Wall Street Journal, the situation could get even worse for the retailers on December 4th this year, as they will then be prohibited from printing anything other than the last five digits of credit-card or debit-card numbers on receipts that are given to customers.

Breaking the law from that date, says the WSJ, could result in fines as much as $1,000 per transaction.

The problem for US retailers is that most EFTPOS systems print the cardholder's expiry dates on the slips, so blocking this data off will require - the card processors claim - re-programming of their systems.

Mind you, with a potential grand a transaction fine from December onwards, I think they will smarten their act up no end...