LAS VEGAS — With three states — Minnesota, Nevada and Washington — already having passed laws requiring retailers to be compliant with PCI (payment card industry) data security standards, expect a card data security law to be passed by the federal government, said Heather Mark, senior vice president, market strategy, Propay, a payment card processor.
"It's not if but when the federal government passes a law," said Mark, speaking earlier this week during a workshop at the Food Marketing Institute Show here.
The House of Representatives has already passed a security bill, she noted.
"Congress recognizes that the payment system is integral to our economy and that the economy is dependent on the security and integrity of the system," she said.
In March, she added, Congress held hearings looking at the effectiveness of the PCI standard and examined the connection between credit card fraud and terrorist activity. "Expect to see [legislation] coming, though not necessarily soon," she said.
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