AUSTIN – A credit union-backed data security standard advance last week when the House unanimously approved the measure and sent it on to the Senate.
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The bill would enact as law the credit card industry’s Payment Card Industry security standard, which requires, among other things, that merchants destroy all identifying consumer information after completing a card transaction.
The standard is monitored and enforced by MasterCard and Visa but both card companies conceded that a majority of merchants continue to ignore the standards.
The Texas bill also makes merchants not in compliance with the PCI standards liable for costs associated with plugging a data breach, like those accrued for blocking and reissuing cards.
