Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Applications
    • Applications
    • Cybersecurity
    • Storage

    Visa: Large Retailer PCI Compliance Hits 65 Percent

    By
    Evan Schuman
    -
    October 25, 2007
    Share
    Facebook
    Twitter
    Linkedin

      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.

      Then again, most Level 2 retailers will have their hands full from late October through late December, so its not certain how much of an increase will materialize.

      Visa issued a statement saying that it wants to see the compliance—and not the penalty revenue—go up.

      “We’d much rather grow compliance than levy fines,” said Michael E. Smith, senior vice president of Enterprise Risk and Compliance for the U.S. market, Visa. “We’re making steady progress in accelerating merchant compliance with PCI standards to protect cardholder information.”

      A promising note was Visa saying that 99 percent of Level 1 and Level 2 retailers “confirmed they are not storing prohibited account data such as magnetic stripe—also known as track data—CVV2 [the security code on the back of the card] and PIN data.” Thats up from the 96 percent that Visa reported in July. Those sets of prohibited data are seen as especially attractive to data thieves.

      Retail Center Editor Evan Schuman can be reached at Evan.Schuman@ziffdavisenterprise.com.

      Check out eWEEK.coms for the latest news, views and analysis on technologys impact on retail.

      Evan Schuman
      Evan Schuman is the editor of CIOInsight.com's Retail industry center. He has covered retail technology issues since 1988 for Ziff-Davis, CMP Media, IDG, Penton, Lebhar-Friedman, VNU, BusinessWeek, Business 2.0 and United Press International, among others. He can be reached by e-mail at Evan.Schuman@ziffdavisenterprise.com.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×