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Visa Statement On New PCI Procedures

Written by Evan Schuman
July 22nd, 2006
Visa U.S.A. announced today that it is expanding the criteria of its merchant validation levels for compliance with the Payment Card Industry Data Security Standard (PCI DSS). Visa's move is designed to decrease the risk of data compromises by shifting higher-volume merchants across all payment channels into a more rigorous compliance validation category. "Protecting the environment is critical to ensuring the future growth of electronic payments," said Mike E. Smith, Senior Vice President, Enterprise Risk and Compliance, Visa U.S.A. "Extending more rigorous validation requirements to additional merchants better reflects the security risks present in the marketplace."

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