KTC has become the first Asian Pacific financial institution to receive certification for adhering to security standards in processing credit card payments for products and services (The Payment Card Industry Data Security Standard - PCI DSS) Version 3.2.1. This certification is granted by the British National Standards Institute (BSI), which oversees security protocols endorsed by the Payment Card Industry Security Standards Council, comprising 5 major international payment network service providers. Such measures help prevent breaches of credit cardholder data.
The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard developed by the Payment Card Industry Security Standards Council (PCI SSC). This council comprises major international payment network providers such as VISA, Mastercard, American Express, Discover, and JCB. The primary objective of PCI DSS is to assist organizations, including various companies and merchants that accept credit card payments, in preventing fraud arising from credit card transactions. It achieves this by establishing standards for the secure storage, processing, and transmitting card information.
BSI (British Standards Institution) holds the distinction of being the world's inaugural national standards organization. Over a century later, it enjoys global recognition as a representative of best practices. BSI is renowned for crafting numerous widely adopted standards in management systems.