To meet a June 30 deadline, retailers need to assess whether they comply with a new security standard set by the credit card associations, though not all merchants are convinced the fines for noncompliance are justified. Fines set by the associations for not complying with the new standard, called the Payment Card Industry (PCI) Data Security Standard, will run as high as $500,000. The fines are levied on a retailer's merchant bank, though the bank would likely pass them on to the retailer. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.