ND0511122

Title: PCI Compliance Increases Slightly

Description: Level 1 retailers achieved 98% PCI compliance through March 31, 2012, with Level 2 retailers tallying 92%, and Level 3 retailers coming in at 59%.

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WHIPPANY, NJ ? The latest PCI compliance stats reveal small compliance improvements among Level 2 and Level 3 retailers, StorefrontBacktalk.com reports.

Through March, 92% of Level 2 retailers are now compliant, up one point from December 2011. Level 3 retailers also showed a one-point increase in compliance, up to 59%. For Level 1 retailers (those processing more than 6 million Visa transactions annually), compliance stood at 98%, unchanged from December.

Visa has yet to report compliance rates for Level 4 merchants, characterizing their efforts as ?moderate.?

The increase in Level 3 compliance was significant, especially in light of a 2.5% increase in the number of merchants surveyed; however, the number ?is still far too low,? commented StorefrontBacktalk, tempering its criticism with speculation that many of the retailers may have been upgraded recently from Level 4 status.

?It?s often the most difficult to achieve compliance when you?re dealing with more stringent requirements for the first time,? StorefrontBacktalk said.

Content Subject: Risk Management & Security

Formatted Article Date: May 11, 2012

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