SRINAGAR: J&K Bank has reached a significant milestone by becoming the first Scheduled Commercial Bank (SCB) in India to obtain the prestigious Payment Card Industry Data Security Standard (PCIDSS) Version 4 Certification for both Issuance and Acquiring Business.
This internationally recognized security standard is governed by the Payment Card Industry Security Standards Council (PCI SSC) and endorsed by major payment card brands like Visa, MasterCard, American Express, Discover, and JCB.
Expressing his delight, the Bank’s MD & CEO, Baldev Prakash, congratulated the teams responsible for this achievement.
He stated, “This accomplishment underscores our unwavering dedication to customer privacy and security excellence. Being the first SCB in India to achieve PCI DSS (V-4.0) compliance is a tremendous source of pride for our financial institution. I extend my heartfelt congratulations to every member of our exceptional team, whose hard work and commitment made this possible. Their devotion to our customers’ safety and satisfaction played a pivotal role in attaining this recognition.”
In the rapidly digitising banking industry, cyber security risks are on the rise. Baldev Prakash emphasized that this highly esteemed certification recognizes the Bank’s robust information security protocols in place to protect its customers’ data.
The MD & CEO reaffirmed the Bank’s commitment to its clientele and stakeholders, stating that achieving the PCIDSS V4 certification marks a pivotal moment in their journey towards becoming a bank with unmatched security and unwavering trust in the realm of digital banking.
He added, “Ensuring the security of our customers’ financial data is our top priority, and this certification is a testament to J&K Bank’s reputation as a reliable financial partner, dedicated to safeguarding the interests of our valued customers. We will continue to innovate and invest in the latest technologies to uphold and strengthen the trust of our valuable customers.”
Notably, the certification process involved a comprehensive audit conducted by a team of Qualified Security Assessors (QSA) certified by the PCI Security Standards Council. The assessment evaluated the organization’s adherence to stringent security controls and protocols during payment card transactions.
