NBE retains PCI DSS certification of Visa and MasterCard requirement standards in the new version

For the 11th consecutive year, NBE has managed to maintain its achievement as the first bank in Egypt to receive a certificate of conformity with the requirements of Visa and MasterCard to secure electronic payment and credit card data for the 11th consecutive year with a new version v4.

This came after the completion of the inspection, revision and documentation work by the Qualified Security Assessor (QSA), where PCI-DSS is the best certification to ensure the highest level of card protection in accordance with the requirements of the PCI SSC, which includes the world's largest companies in this field.

Hisham Akasha, Chairman of the Board of Directors of the National Bank of Egypt, stated that the Bank's ability to retain this certificate reflects the Bank's sustainability and its outstanding compliance cadres over many years in conformity with the standards and requirements for securing card data, which is an indicator of the efficiency of the team and its regulators.

He noted the Bank's continued success in complying with international standards in various publications, which is the result of efforts, fruitful cooperation, hard work and continuous coordination between sectors and branches of the Bank and professional teams trained to ensure that all elements of the working environment and customer data are fully secured and able to adhere to the highest security rates and standards for such data in various systems and applications in various Bank activities.

This will enhance the confidence of customers, international entities and institutions in the NBE, in addition to effectively contributing to the achievement of the Bank's strategic objectives, as the banking sector moves towards accelerating the implementation of digital transformation, thus making the protection of customer data and ensuring its privacy one of the top priorities of the Bank.

Dalia ElBaz, Vice Chairman of the Board of Directors of the National Bank of Egypt (NBE), referred to the Bank's previous acquisition of V3.2/V.3.2.1 PCI DSS V2/ V3/ V3.1/ versions of that certificate.

The new version of PCI DSS v4 contains several new standards of protection and confronting developments in the field of fraud and penetration and the changes shown by coronavirus pandemic in the working environment with the aim of increasing the means of security. She added that this confirms the Bank's continued compliance with the international standards established by the PCI SSC, which represent international documentation of the Bank maintaining the confidentiality of its customers' card data in particular and all customer data in general.

This is an affirmation of NBE's commitment to ensuring the security of its customers' cards and banking information. In addition to its success in addressing recent global economic challenges and growing security threats affecting the digital financial services industry. Dalia ElBaz added that the expansion of the issuance and provision of electronic payment services and the possession of an extensive network of branches, ATM machines and POS points of sale covering all parts of the Republic.

This, in addition to the payment points of a growing number of service providers and companies, is one of the Bank's top priorities, which requires the Bank to continuously develop the methods of applying those compliance standards to keep pace with the evolving banking services and products it provides.

It should be noted that this certificate includes international insurance standards developed to keep pace with the enormous technological development and persistent threats and breakthroughs around the world. These standards established by Payment Card Industry Security Standards Council (PCI SSC), which are periodically reviewed to ensure the continued application of insurance rules to protect the electronic payment/credit card data of the bank's customers so as to ensure the preservation of their funds and secure their data.