BAC A BANK launches Smart OTP authentication method for corporate customers

By launching this method, BAC A BANK hopes to enhance customer data security as well as comply with Decision No. 630/QD-NHNN of the State Bank of Vietnam on promulgating a plan to apply safety solutions.securityinonline payment

The method of generating Smart OTP transaction authentication code through the BAC A BANK Corporate Banking application installed on smart mobile devices is an effective security solution to help Corporate Customers make safe and convenient online transactions.

This method is considered an effective security solution for business customers. Photo: PV

Using Smart OTP - an advanced authentication solution is extremely necessary because of its convenience, stability, usability even when there is no phone signal, no need for roaming when traveling abroad. The security level of Smart OTP is ranked among the highest among current online transaction authentication solutions compared to SMS OTP and Token Key to always ensure the safety and security of all financial transactions.

This feature is especially effective for customers who are currently using BAC A BANK Corporate Banking and have a need to transact with a value of over 100 million VND/day. At the same time, each bank account will only have one OTP unlock code, corresponding to a single device registered by the customer, limiting information leakage.
Specifically, during the transaction process, the entire process and activation of Smart OTP will be displayed and automatically performed to authenticate the transaction after the user enters a valid PIN code. To register for Smart OTP, customers need to update the Corporate Banking application of BAC A BANK and perform some steps to activate the feature according to the instructions.

With this application, customers can easily make transactions anytime, anywhere. Photo: PV

For new customers, BAC A BANK is currently implementing the promotion program "Open an account today - Get incentives immediately", according to which 100% free of banking service fees for financial activities such as account transactions, domestic money transfers; maximum 30% discount on guarantee fees; choosing a beautiful account number and fully participating in other preferential policies from the Bank, applicable within 3 months from the date the customer opens the CIF code.

For more information, please contact Customer Service Center 1800 588 828 or website: www.baca-bank.vn or directly go to BAC A BANK transaction points nationwide.