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I think I knew that, but forgot. I have no real direct experience with this other than once signing up to be a merchant, but my girlfriend once worked for a processing company. Visa still has incentive to prevent fraud, though, right? Even if just for its own reputation? Banks probably won't issue Visa cards if they can't trust they won't be used fradulantly? If Visa has zero liability, then why would Visa corporate be investing in fraud protection at all?

Anyway, I didn't mean to speculate on motivations. I just wanted to explain that this is just some small Icelandic card processing company that got sued by a small data hosting company after they both conspired to funnel Wikileaks payments through as payments for data services and Visa and Mastercard objected.

It's far from the WIKILEAKS DEFATS VISA headline, especially since neither were party to the lawsuit.