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baycouples · 05-26-2004, 01:02 AM

I was told by my bank that's providing a merchant account for me that Visa and MasterCard have implemented mandatory merchant programs geared toward preventing cardholder Fraud and Identity theft.

So, it's like $500/year to pay to some independent security company to make sure that your site is not hackable.

When I contacted another bank that I have a back-up account with - I had to drag it out of them, but it turned out to be true.

Anybody else is experiencing this?

05-26-2004, 01:02 AM
baycouples Confirmed User Join Date: Mar 2004 Location: San Jose, CA Posts: 1,341	New Visa/MC mandatory merchant program? I was told by my bank that's providing a merchant account for me that Visa and MasterCard have implemented mandatory merchant programs geared toward preventing cardholder Fraud and Identity theft. So, it's like $500/year to pay to some independent security company to make sure that your site is not hackable. When I contacted another bank that I have a back-up account with - I had to drag it out of them, but it turned out to be true. Anybody else is experiencing this?