VISA to require CC forms be CISP compliant

[wimpy]

CISP compliance guidelines

I understand that MC will do something similar.

I'm told the initial compliance check will cost $20,000 AND there are annual re-checks that cost $5-10K. I have not verified these fees.

[pornstar2pac]

$20,000 is no problem. who do i send it to?

[Relish XXX]

$20k is a load of donkey bollocks. No way will it be that amount. Max $1k with a max $750 per year renewal.

[wimpy]

This is completely different from the visa fees to accept visa. This is only for people who host their own secure CC forms.

You don't need 6 million signups per year, 20,000 triggers a 3rd party security scan. That probably doesn't cost $20K though. Level 1 merchants (6 million) need the full program.

I think Relish is right: For most of us it's probably about a grand to comply.

[tony286]

isnt this why we pay fees to third party processors?Its their cost for doing business

[AlienQ - BANNED FOR LIFE]

Extortion at its finest.

[NETbilling]

isnt this why we pay fees to third party processors?Its their cost for doing business

Not just 3rd party processors. Anyone that uses our secure payment forms through our natvie payment pages are compliant already.

Mitch

[AlienQ - BANNED FOR LIFE]

This seem's like another gouge ploy by the credit card companies.

They like extra cream. Maybe a little to much cream.

[Techie Media]

This is for anyone that uses a secure payment form to accept credit cards, and you can get an "Annual Site Certification" for 100 bucks a year.

[SmokeyTheBear]

so what exactly is this money supposed to be "for". Like what do they need the money for , or what will they use it to cover/protect ?

[kmanrox]

hehehe he said 'bullocks'