MasterCard Beefs Up Security Requirements
In a move that is unlikely to sit well with many merchants, MasterCard has quietly changed a key security requirement for all businesses handling between 1 million and 6 million card transactions annually.
By Jaikumar Vijayan
That many approved third-party security assessors in the payment industry sell security products as well as services is troubling and needs to be addressed before the use of such assessors is widened, she said.
Litan said there is no evidence that the new requirement, which will impose extra costs on an estimated 3,000 Level 2 merchants, is justified. "It would be one thing if they had a great set of assessors. They don't," she said.
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