ARLINGTON, Va. — Experts in plastic card security have praised the news from Visa USA that almost all of its largest merchant acquirers have confirmed that they are not keeping card data for longer than allowed, but have also noted that this does not equal card security compliance in and of itself.
The card brand announced on June 30 that 96% of its biggest merchants had confirmed they were not holding onto card data that the brand's regulations do not permit them to keep.
"Without a doubt this is a very good start," said Steve Ruwe, chief risk officer for PSCU Financial Services, the card processing CUSO for over 500 credit unions that use the First Data platform. "Since thieves most wanted the sort of card data that was being held, making sure less of it is available can only be a good thing."
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