Baku, Finance Time. Bank Standard has successfully passed an audit and received the certificate of conformity PCI DSS v. 3.1. – Payment Card Industry Data Security Standard. The auditing company was Sysnet Global Solution.

The PCI DSS certificate confirms that Bank Standard complies with protection standards of information infrastructure which ensures security of confidential data processing of transactions that use cards. Thus, the Bank has made yet another step to create an integrated system of data security that complies with the highest world standards.

According to PCI DSS requirements, the Bank has proved full compliance of storage, processing and transfer of payment card owner’s data/information. In today’s world such comprehensive approach to protect confidential data is becoming the only effective way to protect organizations from crimes that are committed in card industry and compliance with PCI DSS standards is mandatory for all the companies – banks, processing centers, financial and trade-service organizations that work with international payment systems.

PCI DSS standard was developed by the PCI SSC (The Payment Card Industry Security Standards Council), which is currently represented by five major payment brands: Visa, MasterCard, American Express, Discover and JCB. The present standards describe all requirements to protect financial data for organizations that use e-payment cards. The certification on highest security level which is required from service providers can be carried out only by an audit firm that has Qualified Security Assessor (PCI QSA) status. The possession of such certificate indicates that a vendor fully complies with the highest standards of data security.

Bank Standard has become one of the few banks in Azerbaijan whose protection standards have been acknowledged by international experts. Ensuring customers’ data security is an important part of the job for Bank Standard. The possession of PCI DSS certificate indicates that measures and processes undertaken by the Bank to protect critical data is in line with the best international standards and the Bank customers can be confident in the stability of the payment service security system.