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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed.

 
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Old 05-26-2004, 01:02 AM   #1
baycouples
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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?
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Old 05-26-2004, 01:03 AM   #2
pimplink
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Join Date: Jun 2001
Location: Closer than you think
Posts: 9,535
I hope not
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Old 05-26-2004, 01:05 AM   #3
Aquarius
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Join Date: May 2004
Location: Mom's basement
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Geez... that would suck, first visa and now visa and mastercard together.
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