Resources for Federal Financial Institutions Examination Council (FFIEC)
Visa: Most merchants in compliance with PCI security standard
www.scmagazineus.com More than three-quarters of large U.S. merchants, and nearly two-thirds of medium-sized retailers, are in compliance with the Payment Card Industry Data Security Standard (PCI DSS), according to Visa.
The principal driver toward PCI DSS compliance, Visa attributed the progress to a multi-layered strategy, including financial incentives for compliance, education as well as fines for non-adherence.
The number of large corporations in adherence jumped from 12 percent in March 2006 to 77 percent by the end of last year, while medium-sized merchants improved by nearly 50 percent in the year beginning December 2006.
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