May 27, 2009 :: Business

New Scam Affects Businesses

According to the Managing Director of the Chicago Hospitality Association, a new business scam is costing some companies thousands of dollars.  People are going around to businesses that have onsite ATMs (not banks) and filing class action lawsuits if:
a) their surcharge sticker is missing or removed and
b) if their surcharge sticker rate does not match the rate on the screen. 

Businesses can be liable for any where from $2-$4 a transaction over the past year – one restaurant just had to settle and pay up $30,000.  If you have an ATM at your business, be sure that all of the necessary signage, directions and more are visible.