Visa USA adds financial incentives, fines to PCI program

Friday, 15 December 2006, 1:21 AM EST

Visa USA is adopting a carrot-and-stick approach to help drive merchant compliance with the PCI data security standard that it - along with other credit card companies such as MasterCard International and American Express - is pushing.

Earlier this week, the company announced that it has created a new $20 million incentive program under which it will monetarily reward "acquiring" financial institutions if their members are fully compliant with PCI requirements by Aug. 31, 2007.

At Computerworld.

[ Read more ]




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