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In the US the merchant owns and is responsible for the POS equipment. The banks had to strong-arm merchants into upgrading via liability changes for non-complia
by tyoma 11y ago
In the US the merchant owns and is responsible for the POS equipment. The banks had to strong-arm merchants into upgrading via liability changes for non-compliant merhants.
- Khaine 11y agoDo the merchants need to validate there devices are maintained and operated in accordance with VISA requirements? Banks (including PEDS used by the bank) are audited by VISA to make sure they follow required stanadrds/processes (i.e. see https://www.visa-asia.com/ap/center/merchants/riskmgmt/includes/uploads/Visa_PIN_Security_Program_Auditors_Guide_aug_06.pdf https://www.visa-asia.com/ap/center/merchants/riskmgmt/inclu... although this looks out of date)