daily-news in-the-wallet
To Your Retailer, Please Comply with PCI Data Security Standard
Now you don’t have to just worry about getting gouged at the pump - you have to worry about losing your identity too. A report on Yahoo! News, as reported by PC World via IDG News Service, claims that paying at a gas station with a credit card is riskier than shopping online. And, we’ve all heard that horror story before. The issue was raised at Gartner’s Identity and Access Management Summit. The personal story? Watch where you shop. The bigger picture? Credit card companies are pressuring retailers to comply with the Payment Card Industry (PCI) Data Security Standard, a code of best practices created by the card industry. The standard forbids the storing of magnetic stripe data on POS terminals, and Visa plans to start fining retailers in the coming months if they don’t comply, according to Gartner. The take-away? Life could get safer for all of us.
