CHAMPIONING CYBERSECURITY
EXCELLENCE: In photo (from left to right): Bayad Chief Information Officer /
Security Officer – Rocky D. Bacani, SISA Philippines Country Head Etika Mehta,
Bayad President and CEO – Lawrence Y. Ferrer, and Bayad Deputy Chief
Information Security Officer – Rolly N. Bañez.
With
the fast-growing fintech network in the Philippines, Bayad continues to trailblaze
in the industry as an outsourced bills payment collection service provider,
enabling a one-stop-shop payment solution for its consumers.
Formerly
known as Bayad Center, the company has rebranded to Bayad, transforming into a digital
first institution which offers a full-range of services made available for
consumers and enterprise. From its own brick-and-mortar business model, Bayad
has expanded its payment ecosystem by connecting a multitude of billers with leading
establishments and e-money players in the country.
Today, Bayad stands as a fintech subsidiary of Meralco, the largest electric distribution utility company in the Philippines.
As
Bayad enhances it backend and frontend solutions, it also intensifies its
cybersecurity measures, where trust and convenience remain at the core of its
consumer protection standards.
In
line with these efforts, Bayad has successfully obtained its Payment Card
Industry Data Security Standard 4.0 (PCIDSS 4.0).
The
said security standard certification was thoroughly assessed by SISA, a
forensics-driven cybersecurity company specializing in risk assessment,
security compliance & validation, monitoring & threat hunting, as well
as training for various payment security certifications.
SISA’s
assessment has proven Bayad’s capability to provide reliable fintech solutions,
having effectively deployed multi-factor authentication, key management system,
data at rest encryption, secure wipe solutions, and web application firewall
that are critical features in passing for the said data security standard
certification.
Alongside SISA Country Head -
Etika Mehta is Bayad Deputy Chief Information Security Officer – Rolly N. Bañez
(at the center), pivoting PCIDSS 4.0 certification together with cybersecurity
leads (from left to right) Bayad Cybersecurity Infrastructure Analyst - Raquel
Valenzuela, Bayad Cybersecurity Engineer Analyst Austinn Kyle Bancure, Bayad
Cybersecurity Governance Head Marie Paz Quilnat Lorenzo, and Bayad
Cybersecurity Governance Analyst Brian Ortañez.
Bayad
Deputy Chief Information Security Officer Rolly N. Bañez shared, “Bayad’s
PCIDSS 4.0 certification attests our commitment in harnessing technologies that
will foster security, efficiency, and scalability in digital payments. The robust
cybersecurity measures we implement enables us to confidently innovate and
co-create projects with various stakeholders centered on our goal of
maintaining a frictionless customer experience.”
Bayad
Chief Information Security Officer Rocky D. Bacani added “Bayad’s PCIDSS 4.0
certification is a critical milestone in our continuous fight against cyber
threats. Consequently, cybercrime remains one of the foremost risks confronting
businesses and communities. At Bayad, we recognize the role that cybersecurity
plays in protecting our consumers and our business counterparts.”
Bayad
President and CEO Lawrence Y. Ferrer also underscored “Ultimately, efficiency,
and innovation are the bedrock of
Bayad’s cybersecurity initiatives. We value the way people do payments
and also help institutions to thrive and expand, with a robust system that
enables reliable, seamless and real-time transactions.”
About Bayad
Bayad is the pioneer brand in the outsourced bills payment collection service in the Philippines, aggregating a multitude of billers into a robust system that is now being used by leading establishments and electronic money institutions across the country. Formerly known as Bayad Center, it continues to trailblaze the industry as a fintech subsidiary of Meralco, offering a whole suite of financial products & services available to both consumers and businesses.
About SISA
SISA is a global forensics-driven cybersecurity solutions company for digital payments, trusted by leading organizations for securing their businesses with robust preventive, detective, and corrective cybersecurity solutions. Our problem-first, human-centric approach helps businesses strengthen their cybersecurity posture. We apply the power of forensic intelligence and advanced technology to offer true security to 2,000+ customers in 40+ countries.
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