Dubai, UAE - Arab Financial Services (AFS), the leading provider of electronic payments and consumer finance outsourcing services, became the first Payment Processor in the Middle East to achieve the prestigious PCI DSS certification on its latest version release 3.2
"AFS is proud to be among a handful of organizations globally that are certified under PCI-DSS 3.2, one of the most stringent security standards globally." said AFS Chief Executive Officer B Chandrasekhar. "The certification is a natural outcome of the systematic procedures we have always followed and promoted to provide high level security while ensuring compliance for all our clients."
"Security measures applied to payment cards in the framework of PCI DSS standard are deployed in all AFS solutions, including the new Debit Processing platform and its range of Value Added Services such as Mobile Payments, Analytics, Loyalty to name a few." he added
"AFS is proud to continue its journey of being the pioneers in adopting such stringent standards, and becoming the 1st Service Provider responding to the new 3.2 standards. We realize the importance of providing assurance to our customers on the resilience of our operations" said AFS Head of Information Security, Kunal Taneja
"It is a proud moment for AFS and reiterates our commitment to achieve the highest standard of security for all our products and services" said AFS Chairman Sael AlWaary.
AFS was assisted in this key initiative by SISA Information Security, the leading information risk management provider in the region.
"Hearty congratulation to the entire AFS team on achieving PCI DSS v3.2 certificate of compliance. We appreciate AFS commitment towards 'security and not just compliance' audit philosophy of SISA Information Security WLL" said SISA Chief Executive Officer and founder Mr. Dharshan Shanthamurthy.
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About PCI-DSS
Payment Card Industry Compliance has become one of the watch words of Information Security today. PCI Data Security Standard is developed by PCI Security Standard Council, a group of top card issuers in the world including Visa, MasterCard, Amex, JCB, and Discover. The standard is noted as one of the most stringent security standards in the world. The primary aim of the standard is to provide assurance that the cardholder information dealt by an organization is sufficiently secure and protected as per the stringent requirements of the standard.
About Arab Financial Services
AFS is the region's leading provider of electronic-payments and consumer-finance outsourcing services. Created by the financial industry to service and support financial institutions in the region and beyond, AFS is owned by 40 of the region's leading banks and currently provides outsourcing services to over 60 banks and financial institutions.
© Press Release 2016
