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Retailers should focus on PCI, experts say

February 24, 2012

Experts from the Payment Card Industry Data Security Standards (PCI DSS) council advise retailers to make the most of the security and not to put off adoption.

Experts from the Payment Card Industry Data Security Standards (PCI DSS) council advise retailers to make the most of the security and not to put off adoption.

“PCI isn’t going to disappear,” Sean Fuery, director of business development for SecurityMetrics Inc. said, according to ISO and Agent. “It’s folly for ISOs to think they can wait things out or that it’s going to go away.”

Merchants should make compliance a regular security precaution instead of a once-a-year nuisance, especially with the deployment of new technologies, such as mobile payment processing, which lead to an increasing threat of fraud, the source reports.

The PCI council has yet to establish a set of security standards for mobile devices that will keep consumers’ credit card information safe, according to Bank Info Security. Until they do, merchants can implement more stringent security precautions, such as tokenization or end-to-end encryption, that can help protect customers from identity theft and fraud when using mobile credit card processing equipment. However, those solutions should be used in combination with PCI security compliance rather than in place of them.

In order to offer customers the most secure payment method, whether they’re shopping in a brick-and-mortar retail store, online from a computer or via a mobile device, retailers should consistently adhere to PCI standards. 

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