Cellular5.06.2008
FNB beefs up security
First National Bank has beefed up its security for cellphone banking by introducing dual-authorisation as an option for business users.
This means that a minimum of two registered cellphone banking users will be required to process each transaction, providing greater financial control and security.
"As part of the security features, once a customer has registered for this service, only registered cellphone numbers can perform transactions," says Len Pienaar, CEO of FNB Mobile and Transact Solutions. "This service also includes SMS notification to inform you of pending transactions waiting for your authorisation.
Nearly a quarter of all transactions through FNB’s business cellphone banking are payments, says Pienaar.
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