Heritage Bank Achieves Payment Card Security Recertification - Sundiata Tech

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Tuesday, August 7, 2018

Heritage Bank Achieves Payment Card Security Recertification



Heritage Bank Plc, one of Nigeria’s innovative banking service providers 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.

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.
A statement signed by the Divisional Head, Corporate Communications of the bank, Fela Ibidapo explained that the PCI DSS is a proprietary information security standard for organizationsthat process, store, transmit or access cardholder information for major debit, credit, prepaid, e-purse, ATM and POS cards. 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.

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.
Speaking on the award of the PCI DSS’ certification, MD/CEO of the bank, Ifie Sekibo it was a strong indicator that Heritage Bank consistently has its customers’ interest at the core of its business operations, is 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 “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,”Sekibo stated. 
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.

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