By Taiwo Omilani
Heritage Bank Plc has successfully attained recertification of the Payment Card Industry Data Security Standard (PCI DSS) version 3.2, having achieved the International Organisation for Standardisation ISO 27001:2013 recertification recently.
This was contained in a statement signed by the Divisional Head, Corporate Communications of the bank, Mr Fela Ibidapo.
He explained that the PCI DSS is a proprietary information security standard for organizations that process, store, transmit or access cardholder information for major debit, credit, prepaid, e-purse, ATM and POS cards.
“With its legacy of innovation, the recertification reaffirms the bank’s leading position in the payment card industry in Nigeria, as first to issue a transparent MasterCard debit card in Sub-Saharan Africa and pioneered the mPOS in response to the CBN Cash-less initiative.
“The standard’s framework originated from the five global payment brand programmes (VISA, MasterCard, American Express, Discover and JCB) and was designed to increase cardholder data (CHD) controls to reduce credit card fraud. Any enterprise that falls within the scope of the standard must implement the standard and seek compliance,” he said.
Speaking on the award of the PCI DSS’ certification, MD/CEO of the bank, Mr Ifie Sekibo, disclosed that this was a strong indicator that Heritage Bank consistently has its customers’ interest at the core of its business operations.
He said the lender was committed to appropriately protect customers’ information as well as maintaining a safe and secure environment for customer transactions.
He noted that banking is a business of risks management, from assets to data, adding that it is fundamental that whatever a customer keeps in a bank is in safe custody.
According to him, “We are a service company providing banking service; and we are the best in the class of security of our information systems. It means funds kept with us are safe. This award is a validation of our mission to promote high ethical standards, integrity, and good business practices.”
The PCI DSS helps enterprises dramatically reduce credit card fraud and brings significant additional benefits, including: increased bank/consumer credibility; reduced/optimised business impact and risk; and fewer breaches/increased security awareness.
The certification is said to be in recognition of the bank’s commitment to effective and secured financial system which has conferred internationally-recognized standard on its operations. This will also enable Heritage Bank to protect the funds of its customers and frustrate efforts by fraudsters to access their information and assets.
Also, the ISO 27001: 2013 recertification attained recently is part of the ISO 27000 family of standards which helps organisations keep information assets secure. The certification was achieved on the heels of the bank’s drive to revolutionise the banking sector digital experience with Octopus, by putting in place a systematic approach to managing sensitive organisational information, ensuring it remains seamless, secure and available. The Octopus platform enables small businesses key into electronic payment system easily, efficient collections, social integration, retention strategy, bills payment, mobile virtual top-up, funds transfer, balance enquiry, movie show time, news.
more recommended stories
Excitement as Transactions on EcobankPay Reach N2bn
By Modupe Gbadeyanka Since its launch.
The Inspiring Growth of FBNQuest Trustees in 40 Years
For the past 40 years, FBNQuest.
Weaker Naira, Oil Price Too Risky for Access Bank
By Dipo Olowookere One of the.
Stanbic IBTC Lists New 232.9 Million Shares on NSE
By Dipo Olowookere Additional 232,899,013 ordinary.
SEC Orders Registrars to Pay Defunct Afribank Shareholders
By Modupe Gbadeyanka A directive has.
Zenith Bank Gets Offers to Buy Back $392.6m Eurobonds
By Dipo Olowookere On Wednesday, September.
Stanbic IBTC Pegs Scrip Dividend Allotment Price at N35.86
By Dipo Olowookere Last month, the.
Stanbic IBTC Begins Campaign for *909# USSD Code
An Integrated Marketing Campaign (IMC) to.