Skye Bank Bags Awards for Payment Standards



Skye Bank Plc has been re-certified and presented with Certificate of Compliance to the Payment Card Industry Data Security Standard (PCIDSS) version 3.1.
According to a statement, the re certification underlined the bank’s highly secured electronic channels.
The was contained in a message from the Council of PCI, which indicated that Skye Banks substantially met of all the stringent requirement as enumerated and outlined by PCI.
The certificate, according to the ED, IT and Service delivery Channels, Mrs. Markie Idowu, “is a confirmation that  we ensure security of card holder data and Card transactions end-to-end on all our electronic terminals and platforms terminals/channels (ATM, Web, POS
According to Idowu “Customers holding Skye Bank cards or other banks customers using any of our terminals can be rest assured of the security of our platform as it conforms to global standard of security.”
The electronic platforms of the bank that have been re-certified by PCI are: POS/Card Present; Internet Transactions/ecommerce; ATM Transactions; Clearing and Settlement; Payment Gateway/switching; Issuer Processing and Prepaid Services among others.
Commenting on the milestones, the GMD/CEO of the bank, Mr. Timothy Oguntayo, lauded PCI for the re-certification and emphasized that Skye as a leading brand has been in the forefront of using  ICT to drive seamless and first class customer service leveraging technology. “Skye Bank’s history and exploits in e-channels is well documented in the nation’s banking industry and our huge investment in ICT has been deliberate and strategic to our overall corporate vision. Recognition and awards like that of PCI justifies our huge investment in ICT, said Oguntayo.
The Payment Card Industry Security Standards Council (PCI SSC) was launched on September 7, 2006 to manage the ongoing evolution of the Payment Card Industry (PCI) security standards with focus on improving payment account security throughout the transaction process. The PCI DSS is administered and managed by the PCI SSC, an independent body that was created by the major payment card brands (Visa, MasterCard, American Express, Discover and JCB).