Bank of Khyber (BoK), one of Pakistan’s biggest financial institutions, has announced a substantial agreement with BPC Banking Technologies to improve e-commerce and online transaction security for its consumers.
According to the agreement, all Mastercard debit cards issued by Bank of Khyber will be fitted with 3D Secure authentication. This will be in accordance with the most recent industry standards.
This technology increases the security of online transactions, protecting customers from unauthorized access and fraud. BPC will provide these facilities through its worldwide processing center. Utilizing its expertise to provide similar services to a number of institutions.
The formal agreement was signed in front of significant representatives from both the bank and the company during an official event. The agreement was signed by Mr. Asad Mehmood Siddiqui, Divisional Head of Digital Banking at Bank of Khyber, and Mr. Furrukh Ali Baig, Managing Director of BPC Pakistan.
Senior executives from the Bank of Khyber, including Asim Bashir, Group Head of Digital Banking, Sheikh Mashhood Rahman, CIO, were present at the signing. Moreover, Jawad Hassan Khan, the Divisional Head of Alternate Delivery Channel was also present at this important event.
Moreover, Fauziah Mahmood, Divisional Head of Marketing, and Shahzad Qureshi, Department Head Business Technology, were also present to witness this historic partnership. In addition, Junaid Zafar, Accounts Director at BPC Pakistan was also there to witness this prestigious moment.
This collaboration will give an extra degree of security to BoK’s cardholders’ online transactions. By guaranteeing that only authorized cardholders can make online purchases.
“This partnership with BPC is a testimony to our commitment to providing our clients with the most reliable and secure banking solutions,” said Mehmood Siddiqui.
Furthemore, he stated, “We are glad to offer our customers with improved safety. Furthermore, offering tranquility of mind with these new features.”
Moreover, this collaboration reflects BPC’s commitment to enhancing financial security technologies. “We are thrilled to work with Bank of Khyber to deliver BPC’s cutting-edge eCommerce services to them. Allowing them to better serve their highly regarded clientele,” said Furrukh Ali Baig, CEO.
Furthermore the CEO said, “This is an important advance in our continuing efforts to enhance digital security for transactions globally and particularly in Pakistan.”
About Bank of Khyber
The Bank of Khyber was founded in 1991 by an Act of the Provincial Legislative Assembly. It was classified as a designated bank in September 1994.
The bank has a long history of working with business and commercial circles. Furthermore, it is actively involved in meeting the financial needs of all sectors. It has successfully extended paid and non-funded facilities to its customers for a variety of business purposes.
About BPC Banking Technologies
Since its inception in 1996, BPC has evolved to provide new and best-in-class proven solutions. That fit with today’s consumer lifestyle when banking, shopping. Furthermore, it fits the both in urban and rural locations, bridging the real and digital worlds.
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