Retailers fined for missing card protection checks
By UK CreditCards.com
Banks are enforcing compliance with the Payment Card Industry Data Security Standard (PCI DSS) by fining UK retailers hundreds of pounds.
Anthony Goord, owner of Peter Goord Travel, was hit by a bank charge of £600 after failing to fill in a questionnaire on his firm's credit card security practices, Travel Weekly reported.
PCI DSS was designed by credit card firms to protect customers by making sure that security standards among vendors are strong. In this way, financial fraud, including theft of credit card details, can be more effectively defended against.
Speaking to the news source, a spokesman for Barclaycard confirmed that the organisation has been actively encouraging the travel industry to comply with the standard since September 2008.
"The need to secure cardholder information and comply with the PCI DSS requirements will become increasingly important," he added.
PCI DSS expects retailers to update their status annually.
Published: 25 September 2009
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