FPT IS issues international security certificate PCI DSS 4.0 level 1 to FE CREDIT
On the morning of June 19, in Ho Chi Minh City, FPT IS Company Limited (FPT IS) officially awarded PCI DSS 4.0 Level 1 security certification to VPbank SMBC Finance Company Limited (FE CREDIT). This highest level of compliance for card data security provides advanced protection for customer data through the latest security measures and protocols, minimizing the risk of fraud and unauthorized access during online and in-store transactions.
In direct response to the Vietnamese community’s significant concerns about data security, FE CREDIT has achieved this certification to safeguard customers’ data proactively. FE CREDIT’s compliance with PCI DSS 4.0 standards underscores company’s dedication to upholding the protection and privacy of customers’ information, reinforcing the importance of trust in the digital era.
FPT IS Board of Directors awarded PCI DSS 4.0 – Level 1 certification to FE CREDIT Board of Directors
As FE CREDIT continue to strengthen card business to become the preferred card in target segment, this certification is a milestone and a cornerstone of strategy to emerge as the undisputed market leader. FE CREDIT’s significant investment in the card business reflects its commitment to enhancing the lives of the Vietnamese people. FE CREDIT acknowledge the importance of a secure and efficient financial ecosystem, and adoption of PCI DSS 4.0 – level 1 is a crucial step toward offering innovative and safe financial products.
With over 4 million cards issued (as of May 2024), FE CREDIT is Vietnam’s leading consumer credit finance company in credit card issuance. Through implementing PCI DSS 4.0, customers can look forward to introducing unique and convenient products that improve their financial well-being and offer a seamless experience.
The PCI DSS certification is more than a technical standard with 12 criteria, 300 detailed security and data management requirements, and six critical objective groups. For the average cardholder, PCI DSS 4.0 Level 1 certification signifies enhanced security, reducing the risk of fraud and unauthorized access. As a cardholder, you can rest assured that FE CREDIT meets the highest international standards for data security.
Mr. Yasuhiko Imai – Vice Chairman of FE CREDIT Member Council spoke at the ceremony
At the PCI DSS 4.0 Level 1 International Security Certificate Awarding Ceremony between FPT IS and FE CREDIT, Mr. Imai Yasuhiko, Vice Chairman of FE CREDIT’s Council members, emphasized, “The Vietnamese government is actively encouraging the wider adoption of cashless payments. As the leading consumer finance company in terms of issuing credit cards in Vietnam, FE CREDIT is well-positioned to drive this shift. Our efforts to achieve PCI DSS 4.0 Level 1 certification are not solely aimed at protecting the security of our customers but also to support the nationwide transition to cashless transactions. FE CREDIT continuously enhances its security system to meet international standards while expanding its business presence to dominate the market. Backed by this achievement, FE CREDIT is confident that customers using its consumer finance products and services, particularly credit cards, can be fully assured of security and confidentiality.”
Mr. Phan Thanh Son – Executive Vice President & Chief Business Development Officer of FPT IS spoke at the ceremony
Mr. Phan Thanh Son, Executive Vice President and Chief Business Development Officer of FPT IS, also expressed, “We have long-term cooperation with FE CREDIT combined with digital transformation experience in the Finance and Banking industry over the past 30 years, as well as the position of an authorized unit to assess PCI DSS, we are proud to join FE CREDIT in becoming the first unit in Vietnam in the industry to receive the highest level of compliance security certification. In the future, FPT IS commits to updating new trends in technology applications and working with partners and customers to create ‘The Next’ – new value and competitive advantage for sustainable development.”
The PCI DSS 4.0 Level 1 certification is a significant achievement for FE CREDIT. It signifies the commitment to providing secure and convenient credit card services, especially with the upcoming launch of the MasterCard Gop De Credit Card. This certification will facilitate FE CREDIT collaboration with renowned card organizations such as JCB and MasterCard for future projects. It also reinforces FPT IS’s standing as a leading entity in implementing PCI DSS assessment and certification processes for card issuers.
