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VENTURES AFRICA – In a bid to foster an improved security framework for card-based transactions, Diamond Bank PLC has received the PCI DSS certification for its debit and credit cards.
The Payment Card Industry Data Security Standard (PCI DSS) is a global security standard that secures customers card data from fraud by evaluating payment account data security and assessing an organization’s network architecture, software design, security policies, procedures and protective practices.
A combined agreement by 5 card issuers including American Express, Discover Financial Services, JCB, MasterCard Worldwide, and Visa International, PCI DSS will help e-payment sites secure their online platforms as well as increase merchant’s trust in patronizing cashless transactions.
The Nigerian bank was awarded the certificate by the PCI Security Standards Council, following a successful audit of the Bank by the PCI Security Standards Council earlier this year.
“The award of the PCI DSS certificate marks the end of a rigorous audit exercise that saw Control Case LLC, a United States based Qualified Security Assessor and one of the world’s best Qualified Security Assessors, validate the various frameworks we have put in place to ensure our customers carry out card-based transactions in a secured environment,” said Mrs. Ayona Trimnell, Head, Corporate Communications at Diamond Bank.
Diamond Bank pioneered online real-time banking in Nigeria with the introduction of Diamond Integrated Banking System (DIBS) in 1992, affording it a seat amongst the top financial institutions to deploy cutting edge technology in the country.