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Visa Relaxes Retail Credit Card Security Threats
From: "Paul Ferguson" <fergdawg () netzero net>
Date: Thu, 16 Aug 2007 17:19:05 GMT
-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 "We're going to get tough on merchants. Not really." Via eWeek. [snip] For more than a year, Visa has ominously warned large retailers that it would enforce a strict Sept. 30 deadline for many of the nation's largest retailers to either be certified that they comply with industry credit card security requirements or face fines and expulsion from discounted credit card fee programs. But as the deadline has gotten closerand the percentage of retailers certified as compliant is still quite lowVisa has been forced to back off, albeit slightly. In an attempt to boost the number of Level 1 retailers certified compliant with the PCI DSS (Payment Card Industry Data Security Standard, often referred to simply as PCI), Visa in December unveiled a series of incentives to convince retailers into cooperating, given the lack of success that the threat of fines was having. A big part of those incentives was offering compliant retailers sharply discounted credit card transaction fees in a program called the Visa PCI CAP (Compliance Acceleration Program). This month, Visa has been quietly floating memos that will soften the pain for non-compliant retailers, as it's become clear that non-compliants will have strength in numbers come early October. [snip] More: http://www.eweek.com/article2/0,1759,2171641,00.asp - - ferg -----BEGIN PGP SIGNATURE----- Version: PGP Desktop 9.6.2 (Build 2014) wj8DBQFGxIcDq1pz9mNUZTMRAkWzAKD3DgM+BhA3NF60wufKMQmb4oFj9gCfV/ta zH7T/DyJrE4yukh7+JpZ5C0= =plAT -----END PGP SIGNATURE----- -- "Fergie", a.k.a. Paul Ferguson Engineering Architecture for the Internet fergdawg(at)netzero.net ferg's tech blog: http://fergdawg.blogspot.com/ _______________________________________________ Fun and Misc security discussion for OT posts. https://linuxbox.org/cgi-bin/mailman/listinfo/funsec Note: funsec is a public and open mailing list.
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- Visa Relaxes Retail Credit Card Security Threats Paul Ferguson (Aug 16)