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Table of Contents

Lead Story

The power to pay it forward

News

Industry Update

FTC agrees to settle with TJX

UIGEA - punt or pass?

Welcome to Bank of AmEx

Splitsville for First Data, JPMC

A taxing situation

TJX cyber thieves get slammed

Features

Gather 'round for a tale of business savvy and doom

Prepaid en fuego in Latin America

The golden rule of payments

The long road to payments

Views

Visa's 'campaign' promise

Ken Musante
Humboldt Merchant Services

Education

Street SmartsSM:
Ask and ye shall sell

Jason Felts
Advanced Merchant Services

Preparing to sell a micro deal

Lane Gordon
MerchantPortfolios.com

A clean exit

Adam Atlas
Attorney at Law

Get time on your side

Vicki M. Daughdrill
Small Business Resources LLC

Want to be trusted? Earn it

Nancy Drexler
SignaPay Ltd.

Company Profile

CSH Consulting Inc.

New Products

Processing on the edge

TransNet
Precidia Technologies Inc.

True end-to-end encryption

Hypersafe Secure
Hypercom Corp.

Inspiration

The magic of gratitude

Miscellaneous

POScprit

Departments

Forum

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

November 24, 2008  •  Issue 08:11:02

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FTC agrees to settle with TJX

In a statement released March 27, 2008, The Federal Trade Commission agreed to settle charges against TJX Companies Inc. alleging that a number of TJX's security practices violated provisions of the FTC Act of 1914, and failed to employ reasonable and appropriate security measures to protect sensitive consumer information on its networks.

The complaint, issued jointly with the settlement agreement and approved by the FTC on a provisional basis, stated that TJX engaged in a number of unfair practices since July 2005, including:

Keep it secure

"By now, the message should be clear: Companies that collect sensitive consumer information have a responsibility to keep it secure," FTC Chairman Deborah Platt Majoras said. "Information security is a priority for the FTC, as it should be for every business in America." TJX owns more than 2,400 retail stores, including T.J. Maxx, Marshalls, A.J. Wright, Bob's Stores and HomeGoods stores in the United States; Winners and HomeSense in Canada; and T.K. Maxx stores in the U.K., Ireland and Germany.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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