Snapshot from Aug 24, 2026 at 07:00 UTC. For live data and tracking: View Live
Business certification

Union Bank secures PCI DSS certification

Analysis based on 7 articles · First reported Aug 13, 2026 · Last updated Aug 17, 2026

Sentiment
10
Attention
1
Articles
7
Market Impact
General
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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.

Banking Financial Services

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.

100 Union Bank of Nigeria secured certification
20 Digital Encode supported certification process Union Bank of Nigeria
20 CyberCube conducted independent audit Union Bank of Nigeria
priv
Union Bank is the certified entity, achieving PCI DSS v4.0.1 certification, which strengthens its data security posture and regulatory compliance.
Importance 100.0 Sentiment 20.0
oth
The PCI DSS standard is the benchmark for payment card data security; Union Bank's certification demonstrates adherence to this global standard.
Importance 80.0 Sentiment 10.0
cbnk
The Nigeria — Central Bank of Nigeria requires banks to maintain continuous PCI DSS compliance; this certification aligns with regulatory expectations.
Importance 50.0 Sentiment 10.0
per
As Managing Director and CEO, Yetunde B. Oni publicly endorsed the certification, reinforcing the bank's commitment to data security.
Importance 40.0 Sentiment 10.0
priv
Digital Encode supported the certification process, providing security expertise and contributing to Union Bank's successful certification.
Importance 30.0 Sentiment 10.0
priv
CyberCube conducted the final independent audit as an accredited Qualified Security Assessor, validating Union Bank's compliance.
Importance 30.0 Sentiment 10.0
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