Merchants: Are Your Vendors PCI Compliant?

Are Your Vendors PCI Compliant?   Visa, who has always been the strictest association regarding PCI compliance, data security, and cardholder protection, has set the pace again. Merchants who accept multiple card types are required to follow the strictest card operating guidelines to become PCI compliant…

Where Are We with Payment Security?

The EMV Standard and Payment Security In the UK, the migration to EMV technology has reduced fraud with payment security in face-to-face transactions since EMV adoption in 2003.  The EMV standard operates with EMV-compliant cards (which have embedded chips instead of magnetic stripes) and EMV-compliant…

Interchange Fee Legislation – Who Will Pay the Price?

Interchange Fee Legislation  This spring, U.S. Representatives Peter Welch (D-VT) and Bill Shuster (R-PA), introduced HR 2382, the Credit Card Interchange Fees Act of 2009.  Welch, the bill’s author, states that “credit card fees are killing small businesses.”  The act, targeted to help small retailers,…

The Payment Card Industry Security Standard Dozen

The Payment Card Industry Security Standards Council is always creating new and effective versions of PCI DSS. The most recent of such compliance standards is version 1.2 which has 12 requirements for enhancing payment account security. These requirements are designed to address a broad range of…