GTBank Ghana attains PCI DSS Certification

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… 1st in the country to be certified by Sysnet

Guaranty Trust Bank (Ghana) Limited’s cards and other payments and collections channels received a major boost, following the bank’s attestation of certificate of compliance from the global certification company – Sysnet Global Solutions.

This paved the way for the bank to be certified as Payment Card Industry Data Security Standard (PCI DSS) compliant under version 3.2 compliance certification. The PCI DSS certificate is heralded as the most demanding payment-card security standard recognized globally by industry watchers.

The PCI DSS is a set of security standards provided for organizations that store, process or transmit cardholder data. Governed by the Payment Card Industry Security Standards Council (PCI SSC), the compliance certification aims to secure credit and debit card transactions against data theft and fraud.

PCI DSS compliance and certification ensures the security of card data through a set of requirements established by the PCI SSC, which is also considered the best way to safeguard sensitive data and information, thereby helping businesses build long-lasting relationships with their customers.

By this attainment, GTBank Ghana becomes one of very few Banks in West Africa (1st in Ghana) to be certified by the global market leader in cyber and information security, Sysnet Global Solutions which specializes in designing robust control frameworks and assessment services. Sysnet is regarded as possessing one of the longest pedigrees in the cyber security world.

The PCI standard provides steps that all service providers and merchants who process card payments, store or transmit debit or prepaid card information need to follow in order to provide secure transactions.

In 2016, the Bank of Ghana, supported by VISA and MasterCard directed all banks and merchants operating within the country to acquire PCI DSS certification in order to protect card details of customers.

Commenting on the achievement, Managing Director of Guaranty Trust Bank (Ghana) Limited, Lekan Sanusi said it represents a new wave of recognition for the Bank.

“Gaining certification is an endorsement that our cards and other payments systems are very secured and safe for use by our cherished customers and patrons of the general public. Now, customers can use their cards online, on PoS and at the ATM without worrying about their transaction information getting into the wrong domain. Their data is very secured with us,” he said.

The PCI DSS certification is a further endorsement of the Bank’s strength in the use of electronic channels and systems for the convenience of customers and the general public, a quality which has received numerous recognitions locally and internationally.

GTBank was named the “Best Digital Bank of the Year”, “Technology Advanced Bank of the Year” and “Best Bank in Mobile Financial Service” awards winner at the 2017 Ghana Information Technology and Telecom Awards.

Capital Finance International (cfi), United Kingdom, the publisher of the reputable cfi.co, a business, economics and finance magazine also awarded the bank as “Best Digital Banking – Ghana 2017”.

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