Risk Associates, Pakistan’s foremost PCI Qualified Security Assessor (QSA), has officially certified Meezan Bank as compliant with the PCI 3DS (Payment Card Industry Three Domain Secure) standard. This accolade positions Meezan Bank, the country’s leading Islamic bank, as the first in Pakistan to attain this prestigious certification.
The certification ceremony, held at Meezan House in Karachi, saw Mr. Aziz A. Rahim, Chief Operating Officer of Risk Associates, presenting the PCI 3DS Certificate of Compliance to key representatives from Meezan Bank including Mr. Faiz Ur Rehman, Group Head of Information Technology, Syed Fahd Azam, Chief Information Security Officer (CISO), and Syed Iftikhar Ul Haq, Group Head of Consumer Finance.
PCI 3DS certification validates Meezan Bank’s robust commitment to maintaining a secure banking environment, ensuring stringent data protection, and enabling secure transactions for its customers. This certification is specifically designed to mitigate online transaction fraud by enforcing compliance with the PCI 3DS protocol mandated by the Payment Card Industry Security Standards Council. The 3DS protocol enhances security by authenticating consumers with their card issuer during online purchases.
Mr. Kashif Hassan, Managing Director of Risk Associates, commended Meezan Bank for its pioneering achievement in Pakistan’s banking sector, emphasizing the bank’s proactive stance in implementing stringent security measures.
“We are delighted to certify Meezan Bank with the PCI 3DS standard,” stated Aziz A. Rahim, COO at Risk Associates. “This milestone underscores Meezan Bank’s dedication to upholding the security and integrity of its digital transactions, setting a benchmark for other financial institutions across Pakistan.”
Risk Associates extends its congratulations to Meezan Bank on this significant milestone and remains committed to fostering a secure digital ecosystem in Pakistan through its comprehensive certification and compliance services.
Addressing the audience, Mr. Faiz Ur Rehman, Group Head of Information Technology at Meezan Bank, affirmed,
“This certification reflects our ongoing commitment to safeguarding our customers’ financial interests. As the first bank in Pakistan to achieve PCI 3DS certification, Meezan Bank continues to prioritize providing our customers with the highest standards of security and dependable banking services.”