English to Chinese Tech/Engineering IT (Information Technology) Credit card security standard

More encouragingly, Visa has announced that it will start making PCI compliance a requirement for some reductions in the interchange fees they charge to merchants who accept credit card payments. This is more a {backward penalty} than a new incentive: A merchant that currently qualifies for the reduced fee, known as tiered interchange, could lose that reduction because it’s not PCI-compliant. Visa’s Perez says the largest merchants could stand to lose millions of dollars annually. “It’s a very compelling incentive,” he says.