Visa To Acquirers: Stop Forcing PAN Retention
Evan Schuman writes:
Visa on Wednesday (July 14) sent a direct message to acquiring banks: Stop making retailers retain credit card information unless you want to stop servicing Visa. A key Visa security executive (Eduardo Perez, the head of global payment system security) said the brand is now merely “strongly encouraging [acquirers] to not require” retailers to store PANs but, by September, that might become an official edict.
Read more on StorefrontBacktalk.