Business Services Industry
ZixIt files lawsuit against Visa
Internet Business News, Jan, 2000
INTERNET BUSINESS NEWS-(C)1995-2000 M2 COMMUNICATIONS LTD
ZixIt Corp, a provider of digital signature and encryption technology, has filed a lawsuit in a US district court against Visa USA Inc and Visa International Service Association.
The lawsuit alleges that Visa intentionally set out to destroy ZixIt's ability to market its ZixCharge Internet transaction authorisation system, which competes against the MasterCard and Visa-owned Secure Electronic Transaction system.
According to ZixIt, Visa's actions included the posting of more than 400 messages, under at least seven aliases, on Yahoo!'s ZixIt message board. These messages not just attacked ZixIt but also promoted and recommended competitive companies in which Visa has substantial investment positions, claims ZixIt.
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