Bank Sohar partners Arab Financial Services for 3D Secure Services

New contract between Bank Sohar and AFS

Manama, Bahrain (prHWY.com) September 3, 2012 - 2nd September 2012: Bank Sohar is one of the leading Banks in the Sultanate of Oman and is known for delivering excellence to the customers since its formation 5 years ago.
Bank Sohar has launched 3D-Secure services for its credit card holders in partnership with Arab Financial Services (AFS), the leading payment systems provider in the region.
On the occasion of launch, Mr. Khalfan Rashid Al Tal'ey, DGM-Retail Banking of Bank Sohar said:
"Over the past few years Bank Sohar has been aggressively expanding its product suite to meet customer needs. We have also introduced many new features on our Credit cards. However, consumer protection and convenience is always on the top of the agenda at Bank Sohar.
Introduction of 3D-Secure services is our effort in that direction, to enrich online shopping experience by promoting secure ecommerce transactions. 3D-Secure transactions are performed with use of an additional security feature - authorization with the registered password. This way the Bank will authenticate not only the card but also the cardholder during payment with a credit card during internet purchases.
AFS has been an effective and trusted partner since our inception and we are happy to extend our relationship with AFS." Al Tal'ey added.
AFS CEO Mr. B. Chandrasekhar said: "AFS is one of the leading payment processors in the MENA Region and we are happy to partner with Bank Sohar to introduce additional services. The 3D Secure services will ensure that customers are protected with an additional security feature when shopping on the net. We thank Bank Sohar for their partnership".
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About Arab Financial Services Company B.S.C. (c)
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 one of the largest payment card processors 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 ongoing card processing and related services, assisting banks to issue Visa and MasterCard branded cards 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.

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Tag Words: 3dsecure, afs, sohar, bank

Categories: Security

Press Release Contact
Media Contacts:
Ramla Abdulrasool
Arab Financial Services
Phone: +973 17 299771
Email: marketing@afs.com.bh

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