• HSBC

Arab Financial Services joins PCI Security Standards Council

Arab Financial Services, the region's leading provider of electronic-payments and consumer-finance outsourcing services, announced today that it has joined the PCI Security Standards Council as a new participating organization.

As a Participating Organization, AFS will work with the Council to evolve the PCI Data Security Standard (DSS) and other payment card data protection standards.

The PCI DSS, endorsed by American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa Inc., requires merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data integrity. More information on the council and the standards can be found at www.pcisecuritystandards.org.

Shankar Sharma, CEO of AFS said,

"It is one of the major steps we at AFS are taking towards enhancing the high quality of service we provide to our customers and are very committed to play an active role with the PCI Security Standards Council in increasing the existing data security standards and its awareness in the industry."


"As a PCI Security Standards Council Participating Organization, AFS is playing a key role in helping protect cardholder data," said Bob Russo, General Manager, PCI Security Standards Council. "Data security is an increasingly important component of any business plan and we are delighted to welcome those organizations dedicated to card payment security."

As a Participating Organization, AFS will now have access to the latest payment card security standards from the Council, be able to provide feedback on the standards and become part of a growing community that now includes more than 345 organizations. In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity's best protection against data criminals. By joining as a Participating Organization, AFS is adding its voice to the process.
 
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Notes and Media Contacts »

About PCI Security Standards Council

The mission of the PCI Security Standards Council is to enhance payment account security by fostering broad adoption of PCI security standards. For more information, please visit www.pcisecuritystandards.org

About Arab Financial Services (AFS):

AFS is the leading Arab company for electronic banking, personal payment instruments and related services. Established in 1984, AFS is in a strong financial position with backing from leading international financial institutions in the Arab World. The company pioneered the concept of outsourcing card processing in the region and was the first company to set-up an end-to-end state-of-the-art card-outsourcing environment in Bahrain. AFS is the largest payment card processor in the Middle East and North African regions. AFS is Principal Member of Visa and MasterCard Payment Associations and an authorized third party processor centre. Over 50 Banks in the region are connected to AFS's online card management integrated solutions. AFS offers diverse services ranging from 'get-started' to fully-fledged on-going card processing & related services, assisting banks to issue Visa and MasterCard to their customers through sponsorship card programs. AFS offers flexible and customized solutions to suit the specific requirements of financial institutions in the region, including full Arabic language functionality.

Media contacts

Arab Financial Services
Issam Yacoub
+973 17290003

PCI Security Standards Council
Glenn R. Boyet
781-876-6248

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