Union Bank secures PCI DSS re-certification ensuring enhanced card data security for customers

Friday, 16 April 2021 00:00 - - {{hitsCtrl.values.hits}}

Nisala Kodippili

Union Bank announced its attainment of the Payment Card Industry Data Security Standard (PCI DSS) version 3.2.1 recertification, having successfully met the stringent security requirements needed to achieve this version of the recertification.

The PCI Security Standards Council is a global forum for the ongoing development, enhancement, storage, dissemination, and implementation of security standards for account data protection. The PCI certification is a robust assurance of Union Bank’s card data security standards across all systems and processes through which card and account transactions are made into effect.

Marking a significant turning point in data security protection, Union Bank became the first bank in Sri Lanka to receive the international Payment Card Industry Data Security Standard (PCI DSS) by the Security Standards Council in the year 2017 and since then had ensured to maintain this standard with annual reviews, audits and re-certifications by a reputed service provider in this field.

Commenting on the achievement Union Bank Chief Information Officer Nisala Kodippili said, “Union Bank’s compliance with international best practices certified by an independent third-party audit, confirms our ability to maintain high levels of card data and transaction security within the Bank. The security of card and account data is of paramount importance to us as a financial institution. As a responsible financial services provider that is focused on enhancing its digitally enabled customer conveniences, Union Bank is committed to advocating the highest levels of data security. Adherence to PCI security standards further affirms our commitment to secure business practices. The security benefits associated with maintaining PCI compliance are vital to the long-term success of the Bank as well as our customers.”

The PCI Standard Certification includes continual identification of threats and vulnerabilities that could potentially impact the organisation. Such standards help ensure healthy and trustworthy payment card transactions for the multitudes of customers that maintain accounts at Union Bank.

Union Bank is one of Sri Lanka’s leading banks supported by the strength of TPG, the US based global private investment firm with over $ 85 billion in capital under management and an extensive global network with significant presence in Asia and Europe. With a solid foundation etched with financial stability and international know-how, Union Bank is amongst the highest capitalised private commercial banks in Sri Lanka, offering a full range of products and services to personal and commercial financial sectors.

More details on Union Bank and its products and services may be obtained by dialling the 24-hour contact centre on 011 5800 800 or by visiting the Bank’s website via www.unionb.com.