Credit card security and Visa
In July 2007, Visa USA announced that 96 percent of the largest businesses that process VISA credit cards for payment have confirmed they are not storing sensitive credit card processing account data. Storing prohibited credit card processing data including security codes and PINs violated Visa rules and increases a business’ risk by making it a target for hackers.
In conjunction with this success, VISA recently announced a program designed to strengthen security among the smaller merchants. While less than 5 percent of potentially exposed accounts are stolen from small businesses, more than 80 percent of all identified compromises since January 1, 2005 occurred at small businesses.
Visa’s program calls for merchant service providers to strengthen their existing data security efforts to identify and address risks among their small credit card processing customers, including identifying whether merchants are storing sensitive account data.
In conjunction with this success, VISA recently announced a program designed to strengthen security among the smaller merchants. While less than 5 percent of potentially exposed accounts are stolen from small businesses, more than 80 percent of all identified compromises since January 1, 2005 occurred at small businesses.
Visa’s program calls for merchant service providers to strengthen their existing data security efforts to identify and address risks among their small credit card processing customers, including identifying whether merchants are storing sensitive account data.
Labels: credit card processing, merchant services provider, Visa
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