PCI-compliance rates expected to rise

PCI-compliance rates expected to rise
Tags: Associations / Conferences, Bank / Credit Union, Debit / Credit, Other, Regulatory Issues, Security, Trends / Statistics
July 9, 2006

Digital Transactions: About 23 percent of the United States largest U.S. merchants now comply with the Payment Card Industry data-security standard, according to Visa USA. An estimated 73 percent are expected to be in compliance by the end of the year. But Michael Dahn, president of Volubis Inc., a San Francisco company that has contracted with Visa to help train PCI assessors and educate merchants about the standard, says the estimates, since they only include merchants identified by Visa, could be off. He also says a number of factors, from technical and logistical difficulties to cost issues, continue to slow compliance rates.