Risk Associates announces Meezan Bank’s certification with PCI 3DS standard

KARACHI: Risk Associates, Pakistan’s leading PCI Qualified Security Assessor (QSA), has recently announced Meezan Bank’s certification with the PCI 3DS (Payment Card Industry Three Domain Secure) standard. This milestone positions Meezan Bank, the country’s Premier Islamic bank, as the first in Pakistan to attain such an accreditation.

The certification ceremony was held at Meezan House, Karachi where Aziz A Rahim – Chief Operating Officer of Risk Associates presented the PCI 3DS Certificate of Compliance to Faiz Ur Rehman – Group Head Information Technology, Syed Fahd Azam – CISO and Head Information Security and Syed Iftikhar Ul Haq - Group Head Consumer Finance, from Meezan Bank.

The certification highlights Meezan Bank’s focus on maintaining a secure banking infrastructure that ensures data protection and provides secure transactions for its clientele. Aimed at mitigating online transaction fraud, this accreditation follows a thorough evaluation, ensuring compliance of the Bank's systems with the PCI 3DS protocol that has been mandated by the Payment Card Industry Security Standards Council. The 3DS protocol serves as an additional layer of security that authenticates consumers with their card issuer during online purchases.

Commenting on this achievement, Kashif Hassan – Managing Director of Risk Associates, applauds Meezan Bank as the first bank in Pakistan to achieve PCI 3DS certification at present. It signifies Meezan Bank's commitment to implementing robust security measures.

“We are pleased to certify Meezan Bank with the PCI 3DS standard,” said Aziz A Rahim – Chief Operating Officer at Risk Associates. “This achievement highlights Meezan Bank's dedication to ensuring the security and integrity of its digital transactions, setting a benchmark for other financial institutions in Pakistan.”

Risk Associates congratulates Meezan Bank on this milestone and remains committed to promoting a secure digital ecosystem in Pakistan through its certification and compliance services.

While speaking at the occasion, Faiz Ur Rehman – Group Head, Information Technology at Meezan Bank said “This achievement reflects our ongoing commitment to safeguarding our customers’ financial well-being. As the first bank in the country to achieve PCI 3DS certification, Meezan Bank remains steadfast in providing our customers with the highest standards of security and reliable banking services.”

Copyright Business Recorder, 2024