GTBank Gets PCIDSS Certification

Guaranty Trust Bank’s alternative banking channels got a boost recently with the bank’s receipt of the Payment Card Industry Data Security Standard certification (PCIDSS).

PCIDSS certification is a worldwide security standard maintained by the Payment Card Industry Security Standards Council (PCISSC) to detail acceptable technical and operational requirements, which help organizations that process card payments prevent credit card fraud, hacking and various other security vulnerabilities and threats.

A certificate of compliance has since been issued to the bank validating its compliance as a level 1 Acquirer and Issuer under the Payment Card Industry Data Security Standard, version 2.0.

Commenting on the development, Segun Agbaje, managing director of Guaranty Trust Bank Plc assured customers that the bank’s card products, internet banking platform and other alternative channels are safe and reliable.

Agbaje said: “We will continue to ensure that our channels are safe and reliable. This has influenced the various new service offerings we have pioneered recently and the security upgrades our internet banking platform has undergone. I am happy to say that this channel is now at par with platforms of foreign banks and our savings account customers have been performing 3rd party transfers and other transactions via the channel”.

Guaranty Trust Bank plc also holds a Standards Organisation of Nigeria (SON)’s International Standards Organisation (ISO) 9001:2000 certification in recognition of quality management systems and conformity with global best practice.

The Bank was recognized earlier in the year as the 2012 Bank of the Year for Nigeria by Euromoney Magazine for the 4th consecutive time. It also received the Bank of the Year Award from the Banker Magazine, the Best Bank in Nigeria Award from World Finance and its Managing Director emerged the 2012 African Banker of the Year at the African Banker Awards.