Union Bank secures PCI DSS certification
Analysis based on 7 articles · First reported Aug 13, 2026 · Last updated Aug 17, 2026
The certification enhances Union Bank's reputation for data security, potentially boosting customer confidence and reducing fraud-related risks. It may also strengthen the bank's competitive position in the Nigerian banking sector, though the direct market impact is limited.
Union Bank of Nigeria has attained certification under the Payment Card Industry Data Security Standard (PCI DSS) version 4.0.1, effective August 11, 2026. The certification confirms that the bank's systems for storing, processing, and transmitting payment card data meet stringent international security requirements. The assessment covered network infrastructure, card issuance, ATM and POS transactions, payment processing, reconciliation, settlement, chargebacks, dispute resolution, and retail banking. Union Bank was certified in the Service Provider category. The certification process lasted about a year with quarterly assessments, supported by Digital Encode, and the final independent audit was conducted by CyberCube, an accredited Qualified Security Assessor. Managing Director and CEO Yetunde B. Oni stated that the certification reaffirms the bank's commitment to protecting customer information. The renewal ensures continuous PCI DSS compliance, in line with Nigeria — Central Bank of Nigeria requirements.
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