LankaBangla Finance Limited has received the Payment Card Industry Data Security Standard (PCI DSS).
The non-banking financial institute (NBFI) received this certification for adopting and applying the mandatory controls set by the PCI SSC to ensure effectiveness, confidentiality, efficiency, and integrity of credit card business operations.
This certification entails that LankaBangla met all requirements with strong confidence regarding credit card security, becoming the first NBFI in Bangladesh to receive that accreditation, said the company Sunday.
Khwaja Shahriar, managing director and CEO of LankaBangla, said: “Security for Payment Card is an essential part of our business, and we take this obligation seriously in meeting these very high standards. And achieving accreditation validates the seriousness with which we treat our clients’ sensitive assets.”
The PCI DSS is a payment card security standard for organisations that handle branded cards from the major card schemes.
The PCI Standard is mandated by card brands, including Mastercard and VISA, and administered by the Payment Card Industry Security Standards Council.
This certification is also a mandatory requirement of the Bangladesh Bank for those who operate card businesses.
Source: United News of Bangladesh