Advertisement

Report: Larger Merchants More Concerned with Data Security

Nov. 4, 2011

Merchants with 10 or fewer employees do not believe PCI compliance will protect their businesses, according to a survey sponsored by ControlScan and Merchant Warehouse. A “Perfect Storm” of Complacency: The Third Annual Industry Survey of Level 4 Merchant PCI Compliance Trends found 48 percent of such “micro-merchants” polled were either “unsure” of or “not at all familiar” with the Payment Card Industry Data Security Standard. Seventy-nine percent of larger Level 4 merchants (more than 50 employees), on the other hand, report they consider data protection a high priority. “We are encouraged by both the adoption and serious thought large Level 4 and e-commerce merchants are putting into their security posture and compliance, which we find directly related to the education and resources they receive on PCI compliance,” said Joan Herbig, CEO of ControlScan. “There is still a tremendous opportunity, however, for ISOs and acquirers to share that same education with micro-merchants in order to guide them through PCI compliance by setting stronger repercussions for non-compliance and establishing data security as an ongoing process.”



Advertisement


  • Trulioo Authenticates BRIC - May 24, 2016
    Trulioo Authenticates BRIC

    Vancouver, Canada-based Trulioo today announced its primary verification solution now is authenticating identities throughout the BRIC countries (Brazil, Russia, India and China).

  • MCX on the Ropes, Postpones CurrentC Rollout - May 19, 2016
    MCX on the Ropes, Postpones CurrentC Rollout

    Only a day after Walmart announced plans to launch a pilot for its in-store mobile payment system Walmart Pay in 110 Arkansas stores, the Merchant Customer Exchange (MCX) and its CurrentC mobile payment app appear to be struggling for survival.

Advertisement

 

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

Category:

Company:

 
Captcha
Answer:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here