Banks 'oblivious' to credit card compliance mandate

22.09.2006

"The banks themselves are oblivious; it is a real concern," Evans said.

Evans cited examples of NIIT clients who have been thrown into a "mass panic" after receiving correspondence on PCI compliance.

What the PCI data security standard requires

Version 1.1 of the PCI standard requirements were mandated on September 7, 2006.

PCI became a universal requirement on June 30, 2005, for all entities handling credit card data.