New security rules as banks work from home

Mayur Shetty | TNN

Mumbai: The Payment Card Industry Security Standards Council (SSC), which specifies best practices for secure electronic payments, has introduced standards for (WFH). The move comes at a time when banks see it as a long-term practice.

“Remote Work Best Practices are excerpts related to the PCI SSC Information Plugin that protects card data from payments over the phone. Regardless of any global situation, the security of payment data is of utmost importance, ”said PCI SCI (India) Associate Director Nitin Bhatnagar. The PCI SSC is dedicated to providing the necessary guidance to the payments industry during these changing circumstances related to Covid-19, he added.

Pine Labs, which allows merchants to integrate card payments from different banks, has been able to migrate its call center to employee homes. This has been made possible by providing employees with secure numbers. Since many jobs can be done remotely, bankers feel the recent phenomenon of allowing front-line staff job since home is here to stay.

“Everybody who could job since home is already job ing since home . In fact, we are now examining even after why these people shouldn’t job since home because it gives an ample cost saving to us and it is good to benefit the customer,” said MD & CEO . According to him, around a third of the bank’s employees are able to job since home .

Uday Kotak told employees in an email that many things about the way we live and job are bound to change forever. The chief of Kotak said that we are entering uncharted waters and no one knows how or when the coronavirus crisis will end. In his communique, Kotak asked employees to share ideas with supervisors on what Kotak Bank as an organisation and corporate citizens can do in this hour of need. Kotak has lauded bank staff for continuing to keep things running either since data centres, branches or home s.

Indian Bank MD & CEO Padmaja Chunduru said that her bank has asked half the employees to job since the branch, while non-critical roles have been identified to enable implementation of the WFH policy.