Four months after it began operations, ViettelPay has more than 2.75 million subscribers. — VNS Photo Viettel Pay’s digital banking service has received the certificate of the Payment Card Industry Data Security Standard, the international information security standard for organisations that handle branded credit cards. It was created to increase safety for cardholder data to reduce credit card fraud. The service has completed Trustwave’s Self-Assessment Questionnaire and Vulnerability Scan. The standard is mandated by the card companies and administered by the Payment Card Industry Security Standards Council. MasterCard, American Express, Visa, JCB International, and Discover Financial Services established the council in 2006. Four months after it began operations, ViettelPay has more than 2.75 million subscribers. It has over 200,000 transaction spots where customers can withdraw and put money into their account, 11 times than number of ATMs in the country. It … [Read more...] about ViettelPay information security certified
Payment card industry security standards council
Better way to pay
More than a few tourists in Vietnam have been shocked to find that their credit cards can’t be used everywhere. Sixty-three year old New Zealander Jordan Lloyd wasn’t aware of the situation during his first trip in 2010. “In my four trips to Vietnam I have only used my credit card once,” he told VET, adding that the only time he needed to use it the fee made him think twice. Faults in the card market Vietnamese customers are still to adopt the habit of paying for goods and services by debit or credit card. Card payments are generally only used for expensive items, such as consumer electronics and appliances, air tickets and hotels. Even though a policy encouraging non-cash payments for goods and services has been introduced by the government, the practice has not taken hold as yet. The growth in Vietnam’s consumer class has been spurred on by a shift to the cities, with the number of urban dwellers expanding from 20 per cent of the population just … [Read more...] about Better way to pay
BUSINESS NEWS 1/3
Vinalines' port activity surges According to a VIR source, SP-PSA, a joint-venture port of Vinalines and Singapore-based PSA, saw its volume of bulk goods increase 32.7 per cent on-year to 1.54 million tonnes last year. Container throughput reached 67 twenty-foot equivalent units (TEUs). The port located in the Cai Mep-Thi Vai area of the southern province of Ba Ria-Vung Tau made revenue of $3.07 million in the year, up 33.47 per cent on-year. SSIT, a joint venture between Vinalines and US-based Carrix/SSA, handled 3.8 million tonnes of goods during the period, doubling its 2015 volume. The port, also in Cai Mep-Thi Vai, reported revenue of over $5 million, up 85 per cent on-year. 2016 also saw business improvements at Cai Lan International Container Terminal (CICT), located in the northern province of Quang Ninh. This joint venture also has Carrix/SSA as a partner. CICT accommodated over 3.82 million tonnes goods in bulk last year, up 38.9 per cent, while revenue rose 22.6 per … [Read more...] about BUSINESS NEWS 1/3
Social News 8/3
Authorities order demolition of building Authorities in Ha Noi's Ba Dinh District yesterday sent forces to demolish the 8B Le Truc building's illegally constructed floors after a report criticised slow demolition work from the building's developer. Dozens of workers using concrete demolition machines started to destroy the 19th floor of the building under the observation of representatives from administration, local construction inspectorate of Dien Bien Ward and the developer. Tran Manh Quan, Chairman of People's Committee of Dien Bien Ward where the building is located, said the demolition was undertaken after a decision by the Ba Dinh District People's Committee in early January 2016 to implement punishment for violations in the construction process. The ward asked the building's developer, Le Truc Garment Joint Stocks Company, to co-operate with demolition forces, said Quan. It also asked the developer to pay for all demolition costs, he added. Vietnamese, US doctors offer … [Read more...] about Social News 8/3
TPBank receives PCI DSS 3.2 certification
Tien Phong Commercial Joint Stock Bank (TPBank) in Ha Noi received the Payment Card Industry Data Security Standard (PCI DSS) certification on Tuesday.PCI DSS, the latest version 3.2 from the US ControlCase, is a comprehensive set of requirements for enhancing cardholder data security around the storage and handling of a customer’s credit card information.TPBank met with 12 strict requirements relating to information safety policies, IT infrastructure and data processing to ensure safety for card information. With the high security, the bank’s customers can be protected when using card services.Nguyen Hung, TPBank’s general director, said information security has been the most important factor for banks in the digital area. “This showed the bank’s interest and serious investment in ensuring system security,” Hung said.Suresh Dadlani, ControlCase’s managing director, said he valued the implementation of PCI DSS at TPBank. He forecast that the … [Read more...] about TPBank receives PCI DSS 3.2 certification