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Risk in Review: A Date with the DSS |
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July 31, 2007. This was the deadline for acquirers of Level 4 retail merchants to submit summaries of their data security plans to Visa USA. Visa is working to bring merchants aboard the Payment Card Industry Data Security Standard (PCI DSS) platform. Acquirers were to e-mail Visa compliance plans containing a timeline of critical events, a risk-profiling strategy, a merchant education strategy, a compliance strategy and compliance reporting. Failure to do so would lead to the “imposition of risk controls.”
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