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Credit Card Crack Down
From: Nathan House <nhouse () stationx net>
Date: 1 Jun 2005 12:29:04 -0000



For those not in the know;

The new "Payment Card Industry Data Security Standard" for the first time aligns the security requirements and 
standards for all card types into one standard. Merchants and service providers who store, transmit, or process credit 
card transactions must comply with this standard.

Failure to comply can result in permanent prohibition of the merchants or service providers participation in credit 
card processing programs, and a fine of up to $500,000 per incident. Furthermore liability will shift from the card 
associations to the merchants and payout's for fraud from the card associations will be shortcoming if compliance is 
not met. 

Business will need to comply with the standard.
Security professionals need to make sure they comply.

Validation is required from the 30th June 2005 onwards. 

More info and links here;
http://www.stationx.net/payment_card_industry_data_security_standard.php

This is the official standard document from VISA;
http://usa.visa.com/download/business/accepting_visa/ops_risk_management/cisp_PCI_Data_Security_Standard.pdf


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