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NRF Says Retailers Shouldn’t Have to Store Card Data

The National Retail Federation yesterday asked the credit card industry to no longer require retailers to store credit card data.

WASHINGTON — The National Retail Federation here yesterday asked the credit card industry to no longer require retailers to store credit card data. “If the goal is to make credit card data less vulnerable, the ultimate solution is to stop requiring merchants to store card data in the first place,” said NRF Chief Information Officer Dave Hogan in a letter to the Payment Card Industry (PCI) Security Standards Council. Credit card companies typically require retailers to store credit card numbers anywhere from one year to 18 months in order to satisfy card companies’ retrieval requests. If merchants did not store the data, “credit card companies and their member banks would be the only ones with large caches of data on hand, and could keep and protect their card numbers in whatever manner they wished,” said Hogan.

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