True or False: Merchant obligations may include submitting their compliance status to multiple entities.

Merchant obligations can indeed include submitting their compliance status to multiple entities. This occurs because merchants may have to report their compliance with the Payment Card Industry Data Security Standard (PCI DSS) to various stakeholders involved in their payment processing ecosystem.

For instance, depending on their volume of transactions, merchants might need to report to their payment processor, acquiring bank, or even the PCI Security Standards Council. Each of these entities may require documentation or evidence of compliance to ensure that the merchant is adequately protecting cardholder data and adhering to established security measures.

This necessity for multiple submissions aligns with the overarching goal of PCI DSS, which seeks to enhance the security of payment card transactions and protect against data breaches, fraud, and other security risks. Therefore, the correct answer is true.