Credit Card Fraud Prevention for Merchants

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18 Jun

PCI has ROI?

Proponents claim that PCI compliance should translate into profits for the merchant due to fewer chargebacks, less internal fraud and a lower risk of security breaches. I don’t buy it. Apparently, neither does Columnist David Taylor in a recent article in StoreFront BackTalk

I have a problem getting my head around the concept that PCI reduces fraud for the merchant in compliance. Maybe in a remotely peripheral sense if a few of the hacked cards resulting from non-compliance are used against the merchant from whom they are stolen.

I don’t see any other ROI for an individual merchant unless they are breached and were not in compliance. Then, the ROI in the form of avoided fines can be significant.

I’m not against PCI compliance and I’d agree that overall it can certainly reduce fraud collectively for the merchant community. But to say that it will reduce fraud for a merchant in compliance is a stretch.

Similar Posts:

• PCI Compliance is Coming for Small Merchants
• Merchants Struggle to Comply With PCI Security
• Merchants: Know Your Level of Security
• ALERT RE: businessownersonline.com
• Is the Credit Card Fraud Rate really Down?

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This entry was posted on Thursday, June 18th, 2009 at 10:14 AM and is filed under Data Breach, PCI Compliance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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