MasterCard Becomes The First Card Brand To Publish PCI Fines
MasterCard has become the first card brand to publish its PCI fines and related requirements, a move that could be the latest signal that MasterCard wants to step out of the PCI shadow of its larger rival, Visa. The dollars themselves do not reflect a radical change, although they do include some healthy increases.
“The noncompliance assessment structure now contains escalating assessments per violation within a calendar year,” said the document sent to members earlier this summer. “Maximum assessments for initial noncompliance for Level 2 and Level 3 merchants have increased to $25,000 and $10,000, respectively. Furthermore, the $500,000 annual aggregate maximum for acquirer noncompliance assessments related to program noncompliance has been discontinued.”
You can find more details on that here.
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