Card security - banks to merchants: are you there yet?
It's not time for tough love yet. But card associations, banks and processors are in the heart-to-heart phase of dialogue with their card-accepting merchant clients about efforts to comply with the Payment Card Industry (PCI) Digital Security Standard.
Under pressure from card associations and a new PCI standards council, financial firms are trying to get retailers up to speed or in touch with specialists that will correct, if necessary, the way credit card information is handled in-store.
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