AFS gains the prestigious ISO 27001 accreditation
March 2, 2016
Arab Financial Services (, the pioneer of payment cards processing in the region, has achieved the ISO 27001 certification.
Manama, Bahrain 2nd March, 2016: Arab Financial Services (, the pioneer of payment cards processing in the region, has achieved the ISO 27001 certification.
The certification confirms that all sensitive customer information is secured and managed at the highest level.
ISO 27001:2013 Certification is designed to assist corporations with the development of a consistent methodology for implementing information security and defining key control objectives designed to protect information assets. ISO 27001 is the only auditable international standard which defines the requirements for an ISMS (Information Security Management System) to ensure that sufficient security controls are instituted within the certified organization. The continual scrutiny of AFS's ISMS to gain such accreditation provides confidence to clients that their data is protected on an ongoing basis.
AFS recognizes that the data processed by AFS on behalf of its clients is among its clients' most vital assets as it is confidential information related to their cardholders. The ISO 27001 certification adds yet another layer of security for AFS clients as they conduct their integral operations and transactions using AFS hosted applications.
This certification is in addition to other esteemed certifications that AFS has maintained over the years such as PCI DSS, ISO 22301, Visa PIN Security & MasterCard certificates.
B Chandrasekhar, CEO of Arab Financial Services said: “AFS has always taken the lead to ensure that it follows the highest security standards and this certification is another proof of this commitment. At AFS we have taken proactive actions to ensure that information is managed and stored securely so that our customers can have complete confidence in the safety of the information they share with us”
“Protecting information is the top priority for companies in the modern connected world, especially with regards to payment processing services for a Level 1 TPP (Third-Party Processor) such as AFS. We are proud to work with AFS to ensure compliance with ISO 27001 standard.” said Suresh Dadlani, COO of ControlCase - A leading provider of compliance, information security and risk management solutions.
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.