Forex is a fintech company that offers a modern fiat to INR exchange infrastructure to deliver a top-notch user experience. The company is EU-based and holds a license for providing a virtual currency service, in particular exchanging a virtual currency against a fiat currency, virtual currency wallet service, exchanging a virtual currency against a virtual currency. Forex has PCI DSS Level 2 certification.
The management team of Forex has an impressive longstanding experience in distributed ledger technologies, smart contracts, cyber-security, finance, banking, credit card processing, cryptocurrency market, and e-commerce services. It helps us to satisfy the most challenging client needs.
To ensure sustainable protection for users and their funds, Forex has implemented MasterCard® SecureCode™ and Visa Secure (previously known as Verified by Visa) 3-D Secure standards.
This added layer of protection interacts with both the cardholder and their card issuer. When customers check out, an in-line window appears asking them to enter a unique, personal code, that has been registered with their bank. The bank then authenticates the cardholder and provides Forex with evidence of the online purchase.
This makes it possible to operate under a worldwide security and compliance standard, increasing card acceptance rate and effectively closing down more than 90% of attempts at fraud.
In the event of fraud, consumers are covered in part or full depending on local market rules and regulations.
The Payment Card Industry Data Security Standard (PCI DSS) is a widely accepted set of policies and procedures intended to optimize the security of credit, debit, and cash card transactions and protect cardholders against misuse of their personal information.
Being PCI DSS compliant means consistently adhering to a set of guidelines set forth by the PCI Security Standards Council.
To obtain PCI DSS certification, the business has to be compliant with six major objectives, 12 key requirements, 78 base requirements, over 400 test procedures, and complete regular external audits.
Forex holds PCI DSS Level 2 certificate to protect our clients from technologically savvy fraudsters.
