business news in context, analysis with attitude

The Chicago Tribune reports that Home Depot has filed a lawsuit in US District Court charging that "Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of hacking attacks by cyber thieves." The suit says that "new payment cards with so-called 'chip' technology, rolled out in the U.S. in recent years, remain less secure than cards used in Europe and elsewhere in the world."

The Tribune notes that Home Depot is just "the latest giant retailer to raise serious concerns about security with its lawsuit filed this week in U.S. District Court in Atlanta. Last month, Arkansas-based Wal-Mart Stores Inc. sued Visa Inc. over similar issues."
KC's View:
Get the sense that national patience with the credit card companies may be running out?