Bank of Khyber selects BPC to provide secure banking solutions in Pakistan
By Gloria Mathias
Bank of Khyber (BOK), one of Pakistan’s banking institutions, has announced a partnership with BPC, a financial technology solution, to enhance eCommerce and online transaction security for its customers.
Under the agreement, all Mastercard debit Cards of Bank of Khyber will be equipped with 3D Secure authentication, conforming to the industry standards. This technology ensures higher security for online transactions, safeguarding customers against unauthorised access and fraud. BPC will facilitate these services through its international processing centre, leveraging its expertise to enable numerous banks with similar functionalities.
The formal agreement was signed in an official ceremony attended by key figures from both institutions. Mr. Asad Mehmood Siddiqui, Divisional Head of Digital Banking at Bank of Khyber, and Mr. Furrukh Ali Baig, Managing Director for BPC Pakistan, inked the deal.
BoK is set to launch secure transactions through the introduction of Mastercard debit cards with 3D Secure technology in the new year. The 3D Secure ACS is an authentication protocol that protects online transactions by verifying the identity of cardholders during the payment process.
This partnership will provide BoK’s cardholders with an additional layer of security when making online transactions, ensuring that only authorized cardholders can complete online purchases.
“This collaboration with BPC is a testament to our dedication to providing our customers with the most secure and efficient banking solutions,” said Asad Mehmood Siddiqui. “We are pleased to offer our customers with enhanced security and peace of mind with these new features.”
For BPC, this partnership is a reflection of their commitment to advancing financial security technologies. “We are honored to partner with Bank of Khyber and bring BPC’s cutting-edge eCommerce solutions to them, so they can then serve their esteemed customers in a much more seamless manner,” stated Furrukh Ali Baig. “This is a significant step in our ongoing efforts to enhance digital transaction security globally and particularly in Pakistan.”
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