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Expanding the Picture

While cooperation in fighting fraud among all the parties that benefit from the use of cards came up repeatedly at the summit as both a need and a goal, the summit also inadvertently highlighted how far short of that goal the card industry remains.

By Staff Writer | Updated on March 20, 2007

WASHINGTON — While cooperation in fighting fraud among all the parties that benefit from the use of cards came up repeatedly at the summit as both a need and a goal, the summit also inadvertently highlighted how far short of that goal the card industry remains.

Coughlin told the attendees that while the percentage of Level I merchants, those who process the most card transactions, 50% of the card brand’s total each year, that comply with the card brand’s card security has risen from 15% to 33%, that still leaves 66% who are not compliant.

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