QIB Achieves PCI DSS Security Certification

Doha, March 27 (QNA) - Qatar Islamic Bank (QIB) announced today that it had achieved compliance with the PCI DSS (Payment Card Industry Data Security Standard) version 2.0, Qatar Exchange Website reported today. The PCI DSS Compliance Certificate was received today by QIB Acting CEO Ahmad Meshari from Paladion Networks CEO, Rajat Mohanty. QIB was awarded the PCI DSS standards for its entire range of payment card affiliated services across all its branches and banking channels (ATM, CDM, Internet banking, Mobile banking, Contact Centre). PCI DSS compliance is required by all merchants and service providers that store, process, or transmit cardholder data and applies to all payment channels, including retail and e-commerce by the Payment Card Industry Council; a consortium of the major card brands i.e. VISA, Master Card, American Express, JCB and Discover. Adhering to the PCI DSS compliance requirements represents a bank s best protection against card holder data thefts. Being in compliance with the PCI DSS Standard is crucial for managing risks, reducing losses and ensuring the protection of customer data. This certification is yet another testimony to QIB commitment to implement international best practices by investing in a wide range of IT technologies and developing state-of-the art security techniques and systems. Founded in 1982 and listed on the Qatar Exchange in 1997, Q Islamic Bank is a Qatari shareholding company , which provides banking services in accordance with the provisions of Islamic Shari a and as per the regulations of Qatar Central Bank (QCB). (QNA)