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The Compliance Dilemma - Internet Retailer

4/1/2006 Press Coverage

For more than five years, the card industry has been pushing retailers to adopt strict measures to protect customers’ confidential data. Realizing that retailers balked at the time and money spent on meeting the security requirements of the different card companies, the industry adopted a single standard—the Payment Card Industry Data Security Standard. And it gave merchants a deadline for compliance—April 2005 for Visa and June 2005 for MasterCard.

At Newegg.com and its subsidiaries, “we had numerous employees in multiple departments working around the clock for a significant period of time,” VP Howard Tong says. “As one of the largest Internet retailers, we’re fortunate to have global resources to handle this type of challenge.”

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