Visa clashes with retailers over standards for credit card safety

[<rms () computerbytesman com>]

http://www.boston.com/business/globe/articles/2007/10/04/visa_clashes_with_r
etailers_over_standards_for_credit_card_safety/

Visa clashes with retailers over standards for credit card safety
By Ross Kerber, Globe Staff  |  October 4, 2007

The credit card security debate is coming to a head.

According to the most recent data, fewer than half of major retailers were
on track to meet a Sept. 30 deadline set by Visa USA to tighten the security
on their data systems, increasingly targeted by hackers and scam artists.

The low rate means many merchants face higher fees from Visa, the largest
credit card network, and potentially fines from banks that handle payments
when customers use plastic at the cash register.

In response, the National Retail Federation, a trade group representing the
largest merchants, yesterday called on credit card security officials to
change procedures under which they store some data, which they said creates
many of the vulnerabilities.

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