Some retailers are moving toward payment security 2.0, expert says
Posted on July 10, 2009
Filed Under Payment |
While many retailers continue to comply with the payment card industry data security standard, some merchants are moving their payment data to systems outside the scope of the 12 in-depth guidelines of the standard, commonly called PCI, says Dave Glaser, vice president of global professional services at CyberSource Corp., a provider of payment processing and security technology and services.
PCI provides a framework for how merchants securely store and transmit payment card account data to keep it out of the hands of criminals; non-compliance with the standard can result in fines of up to $500,000 issued by credit card associations such as Visa Inc. and MasterCard.Inc. more…
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