March 8, 2017 Alex Woodie
Heads up, IBM i shops: Companies that process any volume of credit card transactions now must send self-assessments to their acquiring banks under the jurisdiction of the Payment Card Industry’s Data Security Standard (PCI DSS). This is a pretty significant change, as previously only merchants processing large volumes were subject to strict PCI DSS requirements.
On January 31, a new PCI provision went into effect that requires Level 4 merchants to submit a Self-Assessment Questionnaire (SAQ) to their issuing banks. Previously, Level 4 merchants, which are defined as processing 20,000 or fewer ecommerce transactions or 1 million total transactions, were …Read more