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TPBank receives PCI DSS 3.2 certification

Update: January, 17/2018 - 17:00
Tiên Phong Commercial Joint Stock Bank (TPBank) in Hà Nội received the Payment Card Industry Data Security Standard (PCI DSS) certification. — Photo courtesy of TPBank
Viet Nam News

HÀ NỘI — Tiên Phong Commercial Joint Stock Bank (TPBank) in Hà Nội received the Payment Card Industry Data Security Standard (PCI DSS) certification on Tuesday.

PCI DSS, the latest version 3.2 from the US ControlCase, is a comprehensive set of requirements for enhancing cardholder data security around the storage and handling of a customer’s credit card information.

TPBank met with 12 strict requirements relating to information safety policies, IT infrastructure and data processing to ensure safety for card information. With the high security, the bank’s customers can be protected when using card services.

Nguyễn Hưng, TPBank’s general director, said information security has been the most important factor for banks in the digital area. “This showed the bank’s interest and serious investment in ensuring system security,” Hưng said.

Suresh Dadlani, ControlCase’s managing director, said he valued the implementation of PCI DSS at TPBank. He forecast that the bank would continue to see rapid growth in digital banking services based on the security system.

Earlier, TPBank also co-operated with different card organisations, such as Visa to develop contactless TPBank Visa Paywave cards, and with Napas to issue domestic chip cards. It was the first bank in Việt Nam to introduce cards with two latest technologies in the market.

Thank to the IT foundation, TPBank has been one of the banks with a strong growth in new cardholders.

Last year, it issued hundreds of thousands of new cards nationwide.

PCI DSS standard was established by the Standards Council of Security for payment cards, including the founders: Visa, MasterCard, American Express (AMEX), Discover Financial Services and JCB International. PCI DSS standard was developed to help organisations protect card payment data against fraud and illegal data usage. — VNS

 

 

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