MANAMA: Arab Financial Services (AFS) has achieved compliance with one of the most stringent security standards from the Payment Security Standards Council.
The Bahrain-based regional payment solutions provider and fintech enabler said it has been awarded the Payment Card Industry Data Security Standards (PCI DSS v3.2.1) certification by SISA Information Security, a qualified security assessor and provider of PCI-validated solutions.
PCI DSS compliance standards aim to increase payments security and include a complex set of requirements for organisations to implement different controls to minimise risk.
This latest certification highlights the security of AFS’ customer data and reinforces the trusted technology and payments solutions it provides the financial sector to enable seamless transactions across multiple payments channels around the world.
AFS chief executive B Chandrasekhar said: “PCI DSS compliance underscores AFS’ commitment to not only providing innovative payment solutions, but continually striving for the most secure solutions for our partners and their customers across the globe.
“As such, this certificate is a strong indicator that AFS consistently has its partners’ interest at the core of our business and is committed to securing customer information as well as maintaining a safe and secure environment for customer data.”
AFS serves over 75 clients across the financial sector in more than 21 countries. It is owned by 39 banks and financial institutions and regulated by the Central Bank of Bahrain.
SISA Information Security Worldwide’s chief executive and founder Dharshan Shanthamurthy said, “Achieving the PCI DSS v3.2.1 compliance is a testament to AFS’ commitment to maintaining a secure cardholder data environment. This certification further demonstrates the safety of cardholder data accessed, processed, and simultaneously providing secure and reliable data security for AFS’ clients and partners. We appreciate AFS’ commitment towards ‘security and not just compliance’ audit philosophy of SISA and marching towards secure electronic and digital banking goals.”
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