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Friday, July 13, 2012

eTranzact re-enforces security, obtains PCI DSS Certification


eTranzact has re-enforced its security infrastructure by pioneering role in the e-payment space one again by becoming the first licensed mobile money operator to achieve  the Payment Card Industry Data Security Standard Certification, (PCIDSS).

The PCI DSS certification dated June 30, 2012 which was issued to eTranzact.
Disclosing to ITRealms Online at a recent interview, saying PCI DSS is a binding collection of due diligence practices that promote IT security. PCI DSS aims to reduce financial fraud through heightened security capabilities built around the network, data, vulnerability management practice, and the governance of IT processes.

The chief executive officer, eTranzact, Mr. Valentine Obi, noted that with the PCI DSS certification, eTranzact users would experience improved security on all payment channels such as ATM, Point of Sale (POS) terminals, mobile banking services, Pocketmoni services, and webAccess.

Mr. Richard Omoniyi, the Chief Technical Officer of eTranzact, said, “This is a huge milestone for eTranzact, our merchants and customers. This will continue to increase the desired confidence of customers through assurance provided by higher level of data security process.”

“PCI DSS certification is a further demonstration of our commitment to good governance and responsible business practice,” Mr. Omoniyi said.

As global certification compliance to PCI DSS demand annual on-site security audit and quarterly network scan. On-site security audits are performed by a Qualified Security Assessor (QSA). 

Omoniyi further emphasized that data security is a core value of the company’s business; this is done in order to protect customers against financial loss on the platform.

Adding that with this corporate action, we are emphasizing commitment to Service Level Agreement (SLA) with our trade partners (participating banks, merchant et al) as they are guaranteed of increased protection against financial losses and remediation costs that arise from security breaches.”

Remmy Nweke
ITREALMS Online ... delivering news for ICT4D

1 comment:

Xander Lawson said...

There's something well worth any it investment. With so many potential online threats these days, it would be suicide to have substandard data security.