Jim Daly reports:
Fudging the numbers about their merchants’ compliance with the Payment Card Industry data-security standard (PCI) may be a common practice by merchant acquirers if findings from a new study about payment card data security are to be believed. The study by the Merchant Acquirers’ Committee, an association of more than 500 acquirers, independent sales organizations, risk managers and other acquiring-industry players, found that the rates of PCI compliance by the biggest merchants are far lower than the compliance rates reported by Visa Inc.
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