Visa looks to bolster security with PCI classification changes
Visa U.S.A. Inc. has changed the way it classifies merchants under its Payment Card Industry (PCI) data security standards program, which will require about 1,000 merchants to meet more rigorous compliance-validation standards.
Those affected are Visa "Level 4" merchants, meaning those that process fewer than 6 million credit card transactions a year. They will now be included in the "Level 2" category as part of a bid by Visa to tighten security requirements for a broader set of merchants.
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