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PCI Compliance Costs $2B
www.PaymentNews.com - 05/14/08

A few weeks ago, as part of an article about Hannaford's recent card data breach, I blogged about my 'guestimate' of the cost of PCI compliance across the industry. I said: "Seems like somewhere between US$100 million and US$1 billion?" and asked for reactions. No one reacted - so maybe everyone agreed with my estimate?

Tonight at dinner with some sophisticated, experienced players actively involved in the business of PCI compliance, I posed the same question. After chewing on it a while (it takes a few minutes to comprehend the magnitude of the question!), they settled in on the figure of US$2 billion - to me a pretty staggering sum! Does spending of that magnitude significantly change the economics of card acceptance for merchants?

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