News
New card regulations could affect MI
Andy Barrett Jun 18 2009, 9:22am
Card companies requirements moving ‘down market’
Retail Up’s Gordon O’Hara continues his online features with MI Pro with an important feature that outlines the latest requirements of credit card companies on retailers and other providers of card paying facilities.
A consortium of credit card companies – having already successfully imposed strict e-commerce credit card processing rules on major companies – are now moving ‘down market’ to impose the same strict requirements on mid-sized and smaller businesses, explains O’Hara in his piece, which can be read here.
In order for stores to continue to accept Visa, MasterCard, American Express and other credit cards, the Payment Card Industry (PCI) Data Security Standards (DSS) will now require stores to provide proof of compliance.
The article outlines all of the requirements as well as solutions to achieving compliance, not least, of course, by utilising a new program from Retail Up.
Interested parties can email Retail Up for further details here.
