Payment Card Industry Data Security Standard gets credit for pushing U.S. retailers to improve card data security. This year marks the 10th anniversary of the launch of the PCI Security Standards Council. Many service providers as well as acquiring banks – which process payment card transactions on behalf of merchants – use PCI compliance as a competitive advantage. Many European countries deregulating their banking industries by jettisoning onerous rules, all of which has opened up their markets to competition, says Andrew Barratt, the international managing director for Coalfire Systems.”]
Source: https://www.cuinfosecurity.com/blogs/pci-security-standard-adoption-growing-in-europe-p-2181