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Bank offers credit card security advice

A new way to ensure security for business clients who process credit card payments through Butterfield Bank has been announced by the bank.

The bank has joined in partnership with Chicago-based AmbironTrustWave to offer Payment Card Industry Data Security Standard (PCI DSS) compliance solutions to its business customers.

AmbironTrustWave is a leading provider of information security and compliance management solutions. PCI DSS was launched in late 2004 to unify payment card industry security requirements for storing, processing and transmitting cardholder data.

PCI DSS encompasses the security standards of all the major card brands — Visa International, MasterCard Worldwide, Discover Network, American Express and JCB.

Merchant compliance requirements are segmented into four levels based on the number of transactions a merchant processes annually.

Georgia Fevriere, Butterfield Bank’s assistant vice-president of merchant services, said: “By validating and maintaining compliance with these standards, we can eradicate undetected security vulnerabilities, making it safer for our customers to transact through Butterfield Bank.”