The United Bank enjoys 6 privileges after obtaining the certificate of Compliance with international standards for Information Security and Securing E- Cards- PCI- DSS

28/10/2024

The United Bank enjoys 6 privileges after obtaining the certificate of Compliance with international standards for Information Security and Securing E- Cards- PCI- DSS 

Cairo: 29th of October 2024

Last September, The United Bank was awarded Payment Card Industry- Data security standards PCI- DSS to comply with international standards in its latest edition. The award reflects UB’s commitment to apply the highest level of security for data and information. As well as, securing payment cards for its clients in every place in the Republic. Hence, providing a distinctive banking experience. That’s will enhance the client’s trust and satisfaction, and meet their present and future needs.

In a celebrating event while receiving the certificate from the issuance entity, Ashraf El Kady- Chief Executive Officer and Managing Director, mentioned 6 main privileges for PCI DSS certificate:

1- Enhancing data security: the certificate includes applying rigorous safety protocols to secure the data of card couriers and reduce the dangers of cyber-attacks and penetrating data.

2- Increasing client’s trust: UB received PCI DSS certificate for the second year in row, will reflect in enhancing the client’s trust that their financial data are being dealt with in the safest way and with authorized methods.

3- Regulatory compliance: that helps corporates while meeting compliance prerequisites for data security, which will make them avoid sanctions and penalties regarding non- compliance.

4- Limiting fraud: through applying the safety measures, the certificate reduces fraud trials and stealing cards data, which will reflect directly in securing the corporate’s revenues. 

5- Improving internal operations: standards applied by the certificate encourage improving data management and internal safety policies that will increase the efficiency of operations.

6- Saving expenses on the long term: through reducing fraud and eliminating stealing data. Therefore, corporates will save money paid for repairing damage or as a refund.

El Kady added that UB is devoted for implementing this pioneer plan which will ensure the continual compliance to the highest safety standards and sustainable development for the bank present and future safety procedures , through making regular updates and evaluations.

UB cooperated with a pioneer consultant company in the field of cyber security, which provided assistance and support to get the certificate. It made an integrated evaluation to the bank systems, and applied the best security practices in its category to meet the requirements of rigorous PCI- DSS.

 Moreover, UB cooperated with some of the most recognized institutions to make innovative solutions to secure its clients’ transactions, and control fraud. That all is in the framework of UB’s vision aiming to meeting the present and future clients’ needs through providing distinctive banking experience to be its clients best banking partner.

End.