Mag. Elke Novak-Rabenseifner, Rechtsanwältin
Meinhard Novak, Rechtsanwalts GmbH
Karlsplatz 3/6
1010 Wien
T          +43 (0) 1 890 20 12 – 0
F          +43 (0) 1 890 20 12 – 11
E           office@novakra.at
W          www.novakra.at

CREDIT CARD BUSINESS – RISK BEARING AT MISUSE OF A THIRD PARTY (OGH 21.10.2014, 4 OB 133/14H)

January 9th, 2015

Contract partners of credit card companies always see themselves in a negative position based on the nature of credit card business. The have to give their goods to the customer without an immediate payment. Therefore the credit card company has to make sure that the system is not misused by a third party. If the company neglects this duty it has to pay for eventual damage of the customer.