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So the line of defence remains is "PIN NUMBER" Wowww what a strong security ? HSBC , invest some money...- Anonymous

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Retailers fume over PCI security rules

By Marc L. Songini , Computerworld , 06/07/2007
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Several retailers this week bristled at having to comply with the Payment Card Industry's Data Security Standard, complaining that they carry an unfair burden in securing credit card data.

In interviews and speeches at the annual ERIexchange retail event here, executives also complained that implementing the standards are costly and could alienate customers.

The companies face heavy fines and increased transaction rates for noncompliance with the PCI standards.

Steve Methvin, director of store systems at Bi-Lo, a Greenville, S.C.-based grocery chain of about 230 stores in the southeastern U.S., called on the credit card companies themselves to do more to make cards more secure -- such as adding a PIN.

He said the credit card companies decline to take such steps to avoid complaints from customers.

"The responsibility for a safe environment is not mutual," said Methvin, who sat on a panel at the show. "It seems like we're being forced to provide an easy experience for Visa and MasterCard at our own expense. It's frustrating. It seems like we're investing money in areas" that customers don't care about.

Bi-Lo has so far met all the deadlines for compliance with the rules, he noted.

The standards were created by five major credit card companies -- Visa International, MasterCard Worldwide, American Express Co., Discover Financial Services and Tokyo-based JCB Co -- to protect credit card data before, during and after transactions, PCI officials said.

Ongoing development of the standard is now managed by the PCI Security Standards Council, which was set up by the credit card companies last September.

The standard includes a dozen security controls, including encryption, transaction logging and monitoring, along with authentication and access controls.

The standard went into effect in June 2005.

Robert Fort, director of IT at Virgin Entertainment Group Inc. in Los Angeles, said that while the controls imposed by PCI are sound, the organization should have worked more closely with the retail community to implement them.

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Have we learned nothing from the TJX case?By Anonymous on June 11, 2007, 3:17 pmI've reviewed the PCI DSS and by my estimation it certainly seems like a reasonable level of security for the data involved. I find it particularly alarming that...

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