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Heritage Bank achieves PCI DSS Version 3.2 recertification

Heritage Bank Plc has received recertification of the Payment Card Industry Data Security Standard (PCI DSS) Version 3.2.

This followed its attainment of the International Organisation for Standardisation ISO 27001:2013 recertification.

Mr Ifie Sekibo, the bank’s Managing Director, spoke on the award of the PCI DSS’ certification on the bank on Monday in Lagos.

Sekibo said it was a strong indicator that Heritage Bank consistently had its customers’ interest at the core of its business operations.

He said that the bank was committed to appropriately protect customers’ information as well as maintain a safe and secured environment for customer transactions.

Sekibo noted that banking was a business of risks management, from assets to data, adding, “it is fundamental that whatever a customer keeps in a bank is in safe custody.

“We are a service company providing banking service; 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,” he said.

Also, the Divisional Head, Corporate Communications of the bank, Mr Fela Ibidapo, explained that the PCI DSS was a proprietary information security standard for organisations.

According to him, such organisations process, store, transmit or access cardholder information for major debit, credit, prepaid, e-purse, ATM and POS cards.

Ibidapo said the standard’s framework originated from the five global payment brand programmes which include VISA, MasterCard, American Express, Discover and JCB.

He said it was also designed to increase CardHolder Data (CHD) controls to reduce credit card fraud.

The spokesman added that any enterprise that falls within the scope of the standard must implement the standard and seek compliance.

The News Agency of Nigeria (NAN) reports that PCI DSS helps enterprises dramatically to reduce credit card fraud and brings significant additional benefits, such as increased bank and consumer credibility.

It also leads to a reduced or optimised business impact and risk; as well as fewer breaches or 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-recognised standard on its operations. (NAN)

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