CalBank announces that it has been awarded the Payment Card Industry Data Security Standard (PCI DSS) certificate – the highest global security certification, with the company echoing its pride at the
Founded in 2006 by major credit card companies like Visa and MasterCard, the Payment Card Industry (PCI) Security Standards Council was established to help evolve and promote the implementation of worldwide security standards (known as PCI DSS) to safeguard cardholder data. At the presentation of the award, Mr. Douglas Essuah, Head of CalBank Card & Electronic Banking stated, “all payments and card transactions of CalBank processed/stored/transmitted met the highest possible standards for data security. To reach this stage, external auditors from NetHost Legislation (UK) meticulously examined and tested CalBank’s network architecture, physical and human security to ensure that it met the highest security”.
Dr. Abimbola, Director of NetHost Legislation (UK) commended, CalBank for it’s commitment throughout the project which he said was remarkable. Their investment into the latest fraud prevention and detection
technology, best practice processes and human capital training puts CalBank at par with Banks globally.
Philip Owiredu, Executive Director of the Bank said, “with this latest development, CalBank has built and will maintain a secure business network system to withstand attacks as there will be continual security checks to make sure compliance is maintained as a result of the risk management processes around cardholders‘ data.”
He further added that with the PCI DSS certification, merchants and other corporate entities that are connected to CalBank‘s infrastructure would further gain their customers‘ trust owing to the high level of
security to personal card data.”
Frank Adu Jnr. MD of CalBank, also added that with the increasing fraudulent use of cardholders‘ data and the need to enhance security and customer confidence, CalBank initiated the process of becoming PCI DSS-certified and thereafter subjected itself to rigorous independent audit. He concluded that the bank is set to release innovative FINTEC Solutions underpinned by the PCI DSS standard for card data security which will now underpin all our innovation.