Welcome to Sixty Seconds of Privacy, an e-newsletter brought to you by the Privacy and Data Security practice group at Thelen Reid Brown Raysman & Steiner LLP.
Each edition of this e-newsletter addresses one interesting legal development in the area of privacy and data security, in a brief "question and answer" format. Each edition is intended to be read in about a minute, yet will update you on an important development. We pick the topics for this e-newsletter based on what our clients are concerned about. You are welcome to submit your questions or suggestions to us, and you may find your sixty second answer in an upcoming edition.
Question: I hear that Visa has allocated over $20 million to offer financial incentives for merchants, banks and their service providers to comply with the Payment Card Industry's data security standards (the "PCI standards"). Can my company take advantage of these incentives?