Breached Merchant Sues Processor
Bank Info Security reports family-owned Cisero’s claims Elavon Inc., its former payments processor, and U.S. Bank, its former acquirer, illegally charged the Park City, Utah, restaurant fees and fines after an alleged card breach. Elavon and U.S. Bank are part of U.S. Bancorp. If Cisero’s is successful in its legal quest to have U.S. Bank’s indemnification ruled illegal, it could set a legal precedent that puts a contractual shift in motion for the ways response and liability are handled in the wake of card breaches.
