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MasterCard: December PCI Deadline Change Not For Holiday Conflict

Written by Evan Schuman
January 4th, 2010
MasterCard's decision to reverse itself on its end of year 2010 deadline for new Level 2 PCI requirements was not based on retail complaints or on avoiding the hectic holiday period for merchants, according to a key MasterCard manager heading up the effort. Instead, the change was based on giving retailers more time to work with a new PCI training program, he said.

John Verdeschi, the senior business leader for fraud management at MasterCard Worldwide, said he had heard "no complaints" about the timing from retailers. "We didn't hear that as a specific issue," he said, adding that the PCI SCC's new training program was the only reason for the deadline change. Another element of the December 13 change is a little less cut-and-dry. Until about three to four months ago—Verdeschi described it as "August or September"—MasterCard had posted on its site a description of the rules for which PCI level (1, 2, 3 or 4) it would consider retailers. MasterCard described parity with any "competing payment brand," wording that it had used since 2005. But in "August or September," Verdeschi said, that wording was removed.

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Posted in E-Commerce, In-Store, IT Strategy/Industry, Payment Systems, Premium Content, Security/Fraud
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2 Comments | Read MasterCard: December PCI Deadline Change Not For Holiday Conflict

  1. Hybrid Forge eCommerce Says:
    January 4th, 2010 at 2:03 pm

    This announcement did take some pressure off but PCI must be taken seriously by e-tailers.

  2. National Retail Federation Says:
    January 5th, 2010 at 3:03 pm

    NRF’s CIO Council and IT Audit Committee, along with many retailers, sent numerous communications to MasterCard about our concerns regarding the proposed changes and timeline. It is both unfortunate and troubling that those concerns were never communicated effectively within their organization.

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