• Tuesday, November 28, 2023
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Stanbic IBTC Bank cards get global security nod


  The PCI Security Standards Council, a global body charged with ensuring the security of card payment services, has certified Stanbic IBTC’s card payment services as compliant with the Payment Cards Industry Data Security Standards (PCI DSS).

What this means is that Stanbic IBTC’s card payment solutions-its debit and credit card services-have met the highest standard of security of customers’ information and transactions on its e-banking platform, which greatly lowers the risk of system compromise.

This certification reflects the institution’s determination to continue to provide value-added services to its clients. Among its many benefits, the certification guarantees seamless operations of the bank’s e-platforms, translating to efficient and secure service delivery to customers.

The PCI DSS is the highest compliance level globally in the payments industry. The system essentially identifies all technology and process vulnerabilities that pose risks to the security of cardholder data that is transmitted, processed or stored by a financial services provider.

The certification is further testimony to Stanbic IBTC Bank’s business integrity and the bank’s commitment to security of customer deposits, details and financial privacy based on global best practices, says Obinnia Abajue, Stanbic IBTC Bank’s Executive Director, Personal and Business Banking,

According to Abajue, the bank has a reputation as an innovative financial services provider as well as maintaining the highest service quality in every facet of its operations.

“At Stanbic IBTC we understand the risks associated with modern banking and that is why we insist on global best practices in our operations and deploy world class cutting-edge technology to ensure that our transactions are protected and our customers better served in a secure, transparent, efficient, and seamless manner.