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Sterling Bank gets e-payment recertification

By on September 2, 2014

Sterling Bank Plc’s electronic payment system has been recertified by the Council of Payment Card Industry, the global body that certifies organisations which keep cardholders’ information.

The lender said the recertification came barely one year after it received its first certification.

According to the lender, the development is in recognition of its compliance with standard practice in cards management, and having implemented all security controls to protect cardholders’ information,

The payment card industry consists of all the organisations which store, process and transmit cardholder data, most notably for debit cards and credit cards.

The security standards are developed by the Payment Card Industry Security Standards Council which develops the Payment Card Industry Data Security Standards used throughout the industry.

The PCI Council recertifies financial institutions which have fully complied with all security controls on cards management to reassure customers of such institutions of safety of their information with the bank.

The bank’s Group Head, Strategy & Communications, Mr. Shina Atilola, said the lender’s recertification by PCI’s Council was a testimony of its resolve to adequately protect information about its customers from going into wrong hands.

Atilola explained that Sterling Bank, as a responsible financial institution, had put in place the right mechanisms to ensure non-disclosure of information about customers to unauthorised persons and ensure that information is not compromised at any point in time.

He added that the lender would continue to uphold the tenets of confidentiality, integrity and availability in the handling of information of its customers.

A statement by the bank quoted him as saying, “At Sterling Bank we have deployed tools to improve the security of information about our customers and the bank, and create security awareness among internal and external customers on how to secure their information.

 

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