What are the penalties of non-compliance?
There are many aspects to penalties that can be incurred as the result of non-compliance. First, there are financial penalties. Effective October 1, 2006, vendor violations can range from $10K – 100K/month. In addition, possible restrictions up to permanent prohibition of the merchants participation in credit card programs could be applied to a non-compliance merchant who has a security breach. This all leads to a public lack of consumer trust due to confidential data disclosures, harming the reputation and brand of the merchant that may become irreparable.
