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MasterCard Imposes Tougher PCI Auditing Requirements On Midlevel Merchants

Level 2 merchants will now be required to undergo a third-party, on-site audit, MasterCard says

MasterCard this week issued new PCI data security requirements that will require Level 2 merchants to undergo an annual on-site audit by a third party.

According to news reports, the credit card firm has imposed new requirements under the Payment Card Industry (PCI) guidelines that mandate an on-site assessment of retailers that handle between 1 million and 6 million credit card transactions annually.

So far, none of the other credit card companies is requiring the on-site assessment at Level 2, the reports say. In the past, Visa has allowed self-assessment even among Level 1 merchants.

The new requirements will go into effect on Dec. 31, 2010.

Have a comment on this story? Please click "Discuss" below. If you'd like to contact Dark Reading's editors directly, send us a message. Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio

 

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