Mandated for State's Merchants
|Should individual states mandate that businesses comply with the Payment Card Industry's Data Security Standard (PCI DSS)?|
The answer is "yes," according to Nevada, which has passed a new law that, as of next year, requires businesses to comply with PCI when collecting or transmitting payment card information.
As states rush to adopt or strengthen privacy legislation, Nevada's move is seen by some observers as a potential "game-changer." But they question whether states should be in the business of mandating compliance with an industry standard.
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(click the illustration below to enlarge and read the description of Zones 1-5 in the end-to-end-encryption process) and the Safe-T-PIN's integrated PIN Pad instantaneously encrypts the PIN for Zones 1-5. HomeATM does all that for about half the cost of other Point of Sale Terminals that encrypt Track 2 data (and we include the PIN Pad!) I'll have more on this "game-changing" historic law tomorrow.
For example...how will this law affect online merchants who have their corporate offices in Nevada?
See: HomeATM Safe-T-PIN Could Cut E2EE Costs by $3 Billion!