A UK-specific survey of 100 retail, financial and hospitality firms has found that only 11 per cent are certified as compliant with new credit card standards to be brought in during June.
The new Payment Card Industry - Data Security Standard (PCI-DSS) will be made mandatory in September and will be the second iteration of the standard which was first released in December 2004.
The standard is supported by five companies: American Express, Discover Financial Services, JCB International, MasterCard Worldwide, and Visa. The main aim of the standard is to reduce credit card fraud
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