Online Merchants Sue Credit Card Companies in Fraud Cases

A small group of online merchants sued four major credit card companies, charging that they failed to inform online and other direct merchants whether goods were being purchased with stolen credit cards or by customers with a history of fraud. The lawsuit was filed in federal court in Raleigh, North Carolina, against Visa U.S.A. Inc., MasterCard International Inc., American Express Co. and Discover Financial Services Inc., said attorney Mark Ishman.