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Cards at School
Why Banks View Campuses as High Risk Customers
An article from Walt Conway and Dennis Reedy
Published in AFP Exchange, March 2007
While PCI DSS applies to every organization that accepts payment cards, many education institutions have been slow to achieve campus-wide compliance. The situation is particularly unfortunate since education institutions – whether because of their open networks or inadequate security procedures – are particularly vulnerable to hacking and other compromises of confidential consumer data. As a result, financial institutions and card issuers increasingly view education institutions as risky merchants.
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