Kingdom of Bahrain, 20th December 2018: SINNAD S.P.C., the region’s leading card processing service provider, has successfully attained the PCI PIN Security Requirements version 2.0 for its platform in Bahrain. The audit procedure for PCI PIN compliance, developed by the Security Standards Council was performed by global payment security leader, SISA.
PCI PIN Security Standards are the standards laid down by PCI Security Standards to protect the customers Personal Identification Number (PIN) data. It lays down a set of requirements for secure management, processing, and transmission of PIN during online and offline card transactions at ATMs and POS terminals to ensure that PIN data is not compromised during an electronic payment.
The accreditation has been granted to SINNAD’s commitment towards strict international Payment Card Industry (PCI) standards associated to Personal Identification Number (PIN) Security Requirements including management of cryptographic keys as well as management of cryptographic devices used in acquiring and processing or routing Interchange PIN based transactions. This certification is a recognition to SINNAD’s strict adherence to guidelines that safeguard consumers’ data during the transaction process through an added reliability and security measures.
SINNAD’s General Manager, Rana Almaeeli, says: “Achieving PCI PIN compliance is no longer an option, but a mandatory business requirement for any business that wants to put its customers’ data security first. We will continue to achieve and comply with the highest security standards so that our customers can rest assured that sensitive payment data will remain within our top priority.”
SINNAD is a Bahraini registered company and a subsidiary of The BENEFIT Company established in 2009. SINNAD is governed and regulated by the Central Bank of Bahrain and licensed as Payment Service Provider and a Third-Party Processor to support the banks in the Middle East and African region. The Company’s significant local and regional presence indicates its strong commitment towards quality services and solutions.
SISA is a global leader in payment security. SISA is regionally headquartered in Bahrain (SISA Information Security WLL) and operates from Saudi and UAE to support the entire Middle East. SISA provides preventive, detective and corrective security. SISA payment forensics backed managed detection and response program called S-SOC helps improve detection capability by 80% at 1/3 of the cost of traditional monitoring solution.