mailing list archives
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
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;
This is the official standard document from VISA;
- Credit Card Crack Down Nathan House (Jun 01)