Visa: Retailers Doing Better With Credit Card Security, But A Few Holdouts Remain
Written by Evan SchumanWhen Visa on Monday released its latest PCI compliance statistics, it showed small but steady progress, with slight increases in most areas. But it also showed that there is still a small handful of major retailers who are still retaining prohibited credit card information.
Visa stressed in its statement that the vast majority (96 percent) of Level 1 merchants—a category including virtually all of the nation's largest retailers—have written to Visa that "they are not storing sensitive account data" including credit card security codes and PINs. But given that Visa has said that there are 328 Level 1 merchants in the U.S., that four percent suggests that about 13 major retail chains aren't even claiming that they've stopped retaining that data.
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I have strong reservations about the 'individual' certification and posting of that information for merchants. Can you imagine the potential employee poaching that might occur? The implications when competitors can look up how many are certified with each of their competitors? 
-Christine
