Pivdenny Bank launches OTP-confirmation of payment orders in the iFOBS system

27.02.2019

To the attention of clients – legal entities, business entities and individuals engaged in independent professional activities.

From March 4, 2019, in order to minimize the risk of unauthorized payments, Pivdenny Bank launches the OTP (one-time password) confirmation functionality in Internet banking for legal entities iFOBS.

OTP confirmations will be required for payment orders in national currency, which according to the rules of the bank's security system, need additional verification. When suspicious payments appear in the system, users will receive an SMS notification about the need to confirm payment in the iFOBS system. To confirm the payment you will need to log in, make a request for a one-time password and enter it in a special field.

New clients will be automatically connected to this functionality when entering into an agreement. Existing customers must provide the Bank with signed Annex No. 1 to the Service Agreement for the use of the iFOBS remote service system (new format) to the bank for users eligible for OTP-confirmation of payment orders before May 1, 2019.

To find out more information, please contact your branch manager.

Best wishes,
your Pivdenny bank