One of Nigeria’s most innovative banking service provider, Heritage Bank has successfully obtained its re-certification on the Payment Card Industry Data Security Standard (PCI DSS), version 3.2.
The PCI DSS is an information security standard for organisations that handles branded credit cards from the major card schemes.
The PCI Standard is mandated by the card brands and administered by the Payment Card Industry Security Standards Council. The standard was created to increase controls around cardholder data to reduce credit card fraud.
Speaking on the certification, Managing Director/Chief Executive of the bank, Ifie Sekibo, said it was a strong indicator that Heritage Bank consistently has its customers’ interest at the core of its business operations, and it’s committed to appropriately protect customers’ information as well as maintaining a safe and secure environment for customer transactions.
Sekibo acknowledged 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. “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.” He added.
The commercial bank got the PCI DSS after achieving the Information Security Management Re-Certification from International Standards Organisation (ISO). This certification also known as the ISO 27001: 2013 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 revolutionize the banking sector’s digital experience with Octopus, its advanced intelligent digital platform.
Octopus was launched by Heritage Bank in March, 2018, in order to put in place a systematic approach to managing sensitive organisational information, ensuring it remains seamless, secure and available.
The new platform is a full-fledged digital bank, that connects all the customer’s bank accounts with the Debit Card details or account holder information. It also provides an opportunity to customers of any Nigerian Bank to access a platform that consolidates and connects all their Bank accounts.
