TPS Worldwide has reached a significant milestone in payment security by securing the Payment Card Industry Software Security Framework (PCI SSF) certification. The certification, assessed by Risk Associates, Pakistan’s leading PCI Qualified Security Assessor (QSA), recognizes TPS Worldwide’s adherence to the Secure Software Lifecycle (SLC) Standard and the Secure Software Standard (SS). These globally recognized frameworks ensure the highest levels of security in payment processing, safeguarding sensitive financial data against evolving cyber threats.
The certification was formally presented at a ceremony held at TPS Worldwide’s headquarters, where Kashif Hassan, Managing Director of Risk Associates, handed over the PCI SSF certification to Ovais Khan, COO of TPS Worldwide. This accomplishment reflects TPS Worldwide’s proactive approach in enhancing payment security standards and reinforces its role as a trusted partner in the digital payments sector.
Shahzad Shahid, Group CEO of TPS Worldwide, emphasized the significance of this certification in the company’s broader security strategy. He highlighted that TPS Worldwide has consistently maintained a strong security posture and that achieving PCI SSF and Secure SLC certifications marks a major step in strengthening its security framework. He further reiterated the company’s commitment to continuous improvement, stating that TPS Worldwide will keep leveraging the latest security tools and best practices to ensure the protection of its clients and stakeholders.
Kashif Hassan of Risk Associates also praised TPS Worldwide’s rigorous approach to meeting global security standards. He remarked that the certification process was stringent, but TPS Worldwide demonstrated an exceptional level of diligence and commitment. He expressed confidence that TPS Worldwide’s customers would greatly benefit from the enhanced security measures that come with the PCI SSF certification.
The PCI SSF certification comprises two key security frameworks that ensure the development and maintenance of secure software. The Secure Software Lifecycle (SLC) Standard establishes security protocols across the entire software development lifecycle, from initial planning to deployment and post-deployment monitoring. Meanwhile, the Secure Software Standard (SS) ensures that best practices, such as secure coding and vulnerability management, are embedded within software applications to prevent security breaches. By complying with these standards, TPS Worldwide has further strengthened its ability to offer secure and reliable payment solutions while mitigating risks associated with financial transactions.
During the certification ceremony, Ovais Khan, COO of TPS Worldwide, reiterated the importance of this achievement, stating that the PCI SS and Secure SLC certifications reflect the company’s commitment to delivering secure, world-class payment solutions. He acknowledged the dedication of TPS Worldwide’s teams and commended the collaborative efforts with Risk Associates in ensuring compliance with global security benchmarks.
Aziz A. Rahim, Chief Operating Officer of Risk Associates, also underscored the significance of this milestone, noting that security is a fundamental pillar of modern payment ecosystems. He highlighted that TPS Worldwide’s compliance with the PCI SSF framework reaffirms its position as a leader in the payment processing sector and assures its clients that their financial transactions are protected by cutting-edge security measures.
This certification marks a pivotal moment for TPS Worldwide as it continues to advance its mission of providing innovative, secure, and reliable digital payment solutions. By meeting globally recognized security standards, the company strengthens trust and confidence among its customers and partners. In an era where digital transactions are increasingly vulnerable to cyber threats, TPS Worldwide’s proactive approach to security ensures that businesses and consumers alike can operate in a safe and secure payment environment.
