BAC A BANK launches Smart OTP authentication method for corporate customers

Phu Huong DNUM_BCZBBZCACA 09:17

(Baonghean.vn) - From November 11, 2020, Bac A Commercial Joint Stock Bank (BAC A BANK) will deploy a new safe and secure authentication method Smart OTP to replace SMS OTP on the e-Banking channel for businesses.

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 codes through the BAC A BANK Corporate Banking application installed on smart mobile devices is an effective security solution that helps Corporate Customers make safe and convenient online transactions.

Phương thức này được coi là giải pháp bảo mật hữu hiệu. Ản: PV
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 security for 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.

Với ứng dụng này, khách hàng có thể thực hiện giao dịch mọi lúc, mọi nơi. Ảnh: P.V
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", accordingly, 100% free of banking service fees for financial activities such as account transactions, domestic money transfers; up to 30% discount on guarantee fees; choose a beautiful account number and fully participate in other preferential policies from the Bank, applicable within 3 months from the date the customer opens the CIF code.

From now until December 31, 2020,BAC A BANKalso offers 3 months of free e-banking services (via internet and mobile banking) for businesses registering new accounts. With the Corporate Banking application launched by BAC A BANK last May, customers will have access to a modern, convenient and secure transaction channel - helping customers make transactions anytime, anywhere, saving significant time, optimizing resources, and promptly seizing business opportunities.
Businesses only need to download the BAC A BANK Corporate Banking application very simply and quickly via the App Store or Google Play - immediately after that they can log in with the customer's BAC A BANK Internet Banking login name and password.

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.

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BAC A BANK launches Smart OTP authentication method for corporate customers
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