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PSECU Appeals Legal Decision Against B.J.'s

HARRISBURG, Pa. - The $2.3 billion Pennsylvania State Employees Credit Union has filed to appeal a recent court decision, which dismissed its case against B.J.'s Wholesale Club and its merchant processor, Fifth Third.

By Staff Writer | Updated on July 25, 2006

HARRISBURG, Pa. – The $2.3 billion Pennsylvania State Employees Credit Union has filed to appeal a recent court decision, which dismissed its case against B.J.’s Wholesale Club and its merchant processor, Fifth Third.

The credit union is trying to recoup the losses it suffered closing accounts and reissuing cards after B.J.’s and Fifth Third violated Visa regulations by holding onto data from card transactions that the retailer was not supposed to have. The data was compromised when a hacker managed to steal it and the CU’s first attempt to recover some of its costs was thrown out when the court ruled that the CU didn’t have standing to bring the complaint.

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