Visa Redefines Validation Levels For Data Security Compliance
Visa U.S.A. announced that it is expanding the criteria of its merchant validation levels for compliance with the Payment Card Industry Data Security Standard. Visa’s move is designed to decrease the risk of data compromises by shifting higher-volume merchants across all payment channels into a more rigorous compliance validation category.
The most significant modification involves the Level 2 merchant category, which previously only applied to merchants processing between 150,000 and six million Visa e-commerce transactions per year. Level 2 has now been broadened to include all acceptance channels and applies to any merchant processing one million to six million Visa transactions per year. While none of the validation requirements themselves have changed, merchants moving into a new validation level will be responsible for complying with that category’s validation responsibilities. For example, merchants moving from Level 4 to Level 2 must now have quarterly network security scans performed by a qualified independent scan vendor.
For more information, visit www.visa.com/cisp.
Source: U.S. Banker
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