PCI DSS The Cost of Non Compliance - Credit Card Data Storage
Tue, Apr 29th, 2008
PCI DSS* - The Cost of Non-Compliance
What You Need to Know about Storing Credit Card Data
On Tuesday April 29/08, at 10:00 AM (EST), Joseph Fung, President of Lewis Media Inc. will be conducting a free 60 minute (including Q&A) online information session of interest to website owners and website producers about the risks associated with storing e-commerce credit card data.- Find out what your merchant agreement really says about your liability for compromised credit cards
- Get a clearer understanding of your responsibilities with respect to PCI Data Security Standards.
- Ask questions about your specific e-commerce and credit card processing situation
- As of Dec 31 2007, every existing and future merchant is required to be PCI DSS compliant.
- Visa has acknowledged that as of July 2007, more than 50% of merchants were not yet compliant - they are putting initatives in place to push for this compliance
- Visa and Mastercard have already started to increase the cost of merchant accounts for non-compliant merchants.
- PCI standards were created by VISA, Mastercard, and American express - these are not irrelevant standards, all major payment card companies are committed to them.
- This is stuff webmasters, and website providers should know - but many don't.
- This is stuff anyone who offers online purchasing should know - but many don't
*PCI DSS = Payment Card Industry Data Security Standards

