Retailers have their say regarding fines for non-compliance

[Amanda]

A recent article in Retail Week highlighted the action currently being taken by the British Retail Consortium in lobbying the card schemes to drop the fines currently being imposed to PCI non-compliance. According to the article, 'The letter said full compliance to the standard “may not ultimately be achievable for a number of reasons”, including the interpretation of the standard by different Qualified Security Assessors and lack of acquirer assistance, particularly for smaller merchants.'. These views echo others that we are hearing in relation to differences in interpretation of the standard, something that, through our PCI & Payment Security SIG we are looking to address through the collaboration of all the key stakeholders in the cards and payments value chain (including the retailers/merchants).

We will discuss this article and the concerns of the BRC/retailers at our next PCI & Payment Security SIG on 17th June. For more information, visit http://www.vendorcom.com/default.aspx?p=PCI or call Amanda Faul on +44 7793 553150.

http://www.retail-week.com/5002476.article