UK Credit Card Transactions Need Certificates
Charities in the UK are at risk of being fined or banned from processing credit card transactions if they do not have a certificate that is being introduced by credit card companies, delegates at the International Fundraising Congress were warned yesterday.
Jamie Jackson, chief executive of the consultancy Fundraising Initiatives North America, said credit card companies such as Mastercard and Visa had come together in 2005 to formulate collective security guidelines for tackling credit card fraud.
He said any organisation that stored or processed credit card details would need a Payment Card Industry Certificate to show it was compliant with these standards.
The credit card companies had so far been concentrating on contacting large corporations to ensure they had these certificates, Jackson said, but they were going to move on to charities. Many charities in the UK did not yet have a certificate, he told the gathering.