January 04, 2001, 10:52 AM — ON OCT. 10, credit card processing powerhouse Visa International announced that it is making both its data security standards and e-merchant best practices available to the public as part of its ongoing efforts to facilitate "universal commerce." U-commerce, according to Visa's Web site, is the "ability to conduct commerce conveniently and securely, anywhere, anytime, with any kind of device."
This is potentially a tremendous windfall for organizations small and large that will have access to Visa's long experience in securing financial transactions via a diverse array of IT systems. But the self-assessment tool is intended for members only. And by the looks of it, the tool is simply a questionnaire regarding the way merchants internally manage security rather than an independent, objective technical assessment of a merchant's security.
|Visa's security standards|
These tips were taken from Visa's AISSM.