INFOGRAPHIC: Key Events, Turning Points That Shaped The History Of PCI DSS

The Payment Card Industry Data Security Standard (PCI DSS) has come a long way since its origins in the late 1900s, which is also commonly known as “dawn of the Internet era.” However, over the years, despite its humble beginnings, there have been many dramatic and traumatic twists and turns. Payment card compliance experts at SearchSecurity have created an infographic that…

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Utility Debit Regulated

Interchange: 0.05% + $0.22 Regulated Debit Interchange is the Visa Interchange Rate set by the Federal Reserve capping Interchange Fees charged by US credit card issuing banks with over $10 billion in assets. Transaction is on a Visa Debit card issued by a US bank with over $10 billion in assets. Change History: Introduced October…

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Utility Debit

Interchange: 0.00% + $0.75 Utility Debit is the Visa Interchange Rate for debit card transaction accepted by a registered utility. Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data included in settled transaction. Transactions must be from a 4900 sic code. Registration is…

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Utility

Interchange: 0.00% + $0.75 Utility is the Visa Interchange Rate for a base card type credit transaction accepted by a registered utility. Primary Qualifications: Transaction can be full magnetic stripe read or key-entered. Transaction settled within 1 days of authorization, authorization response data included in settled transaction. Transactions must be from a 4900 sic code.…

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