Visa: Large Retailer PCI Compliance Hits 65 Percent
More than 1 in 3 large retailers, and half of Level 2 retailers, today are still not PCI compliant.Sixty-five percent of the nations largest retailers are now compliant with the industry-standard Payment Card Industry Data Security Standard, Visa reported Oct. 24, up 81 percent from December 2006 and 63 percent since July. Although the numbers do show a sharp increase, they also reflect the fact that 35 percent—more than 1 out of every 3—of large retailers today are still not PCI compliant, despite the passing of the Sept. 30 deadline and the start of the promised $25,000 per month in fines for non-compliance. On a potentially even more scary note, Visa reported that PCI compliance among the more numerous Level 2 retailers—ones that process between one million and six million Visa transactions a year—is only at 43 percent, as of Sept. 30.
On the optimistic side of those Level 2 numbers, the Level 2 compliance was barely 15 percent in December 2006 and 33 percent in July, so this does show a healthy increase. Also, the deadline for Level 2 retailers doesnt kick in until New Years Eve of this year so its possible those numbers could sharply increase again by January.