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Payment security compliance has declined for the second year in a row, with organisations based in the Americas lagging behind worldwide counterparts, including the Asia Pacific region, according to a new report from US telco Verizon which reveals that only 1 in 3 companies globally make the grade on compliance and just 1 in 5 in the Americas.
A report on card payment security issued by the US company Verizon has revealed that almost half the organisations surveyed for the 2017 report were not compliant with all the regulations laid down for secure transactions.
If you handle money via credit/debt/EFTPOS/cards you need to comply with the demanding security requirements of the new Payment Card Industry Data Security Standard (PCI DSS) updated in April 2015.
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