Bank of Valletta will be introducing a stronger security process for safer and more secure online purchases in line with a new regulatory requirement known as Strong Customer Authentication (SCA).

People who buy goods or pay for services online are often required to authenticate their payments through a fraud protection tool known as 3D Secure, by which they receive an SMS with a code which must be keyed in before payment is affected.

Bank of Valletta will soon be launching a new BOV 3D Secure app, which will replace the current SMS method. Customers making online purchases will be required to download the app on their smartphone, upload one of their active BOV Cards on it, and authenticate their payments through this app.

The new system will help protect online shoppers even further, making their purchases more secure as it introduces an additional layer of security to minimize the risk of fraudulent transactions.

More details regarding the new app will be communicated by the Bank once the App becomes available for download.

Issued by Bank of Valletta p.l.c., 58, Triq San Zakkarija, Il-Belt Valletta VLT 1130.  Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking in terms of the Banking Act (Cap. 371 of the Laws of Malta).

'Credit & Financial Institutions' Related News Articles

01
INSIGHT Interview: Alan Cuschieri, Founder of Moneybase
FinanceMalta

by FinanceMalta

5th August 2022

Member Spotlight: Fyorin
FinanceMalta

by FinanceMalta

5th August 2022

PrimeGlobal Named Association of the Year 2022 at IAB Awards ¦ Winning in Business with Advisory Culture.
Griffiths + Associates Ltd

by Griffiths + Associates Ltd

25th July 2022

BNF Bank launches a Credit Card Campaign with chance to win once-in-a-lifetime World Cup experience
BNF Bank plc

by BNF Bank plc

14th July 2022

BOV Asset Management launches the sixth reading of the Investor Sentiment Index for Malta.
Bank of Valletta

by Bank of Valletta

3rd June 2022

Infocredit Group shortlisted as ‘Credit Information Provider of the Year ‘at Credit Awards 2022!
Infocredit Group Limited

by Infocredit Group Limited

19th May 2022

14th International Taxation Conference l organized by the Malta Academy for Taxation Studies & the Malta Institute of Management l 3rd May 2022
Griffiths + Associates Ltd

by Griffiths + Associates Ltd

3rd May 2022

Infocredit Group sponsors the Webinar “AML, Sanctions and Embargoes: Understanding the risks and learn how to mitigate them”, organized by FEBIS
Infocredit Group Limited

by Infocredit Group Limited

28th April 2022

Free Webinar from Infocredit Group: “Transforming Consumer Creditworthiness and Affordability with the help of PSD2”
Infocredit Group Limited

by Infocredit Group Limited

8th April 2022

Infocredit Group and MACM join forces to support the Maltese Business Community with Innovative Credit Risk Management and Compliance Solutions
Infocredit Group Limited

by Infocredit Group Limited

8th April 2022

BNF Bank wins again The Banker, ‘Bank of the Year 2021’ Award for 2nd Consecutive Year
BNF Bank plc

by BNF Bank plc

3rd December 2021

Member Spotlight – Trust Stamp: Advancing Financial Inclusion in Emerging Markets from Malta
FinanceMalta

by FinanceMalta

8th July 2021

Member Spotlight – Borg Galea & Associates: Boutique Accounting Firm with Plans to Scale Up
FinanceMalta

by FinanceMalta

8th July 2021

Growth in contribution to the Gross Value Added (GVA), as well as in employment within Malta’s financial services industry according to the MFSA’s 2020 Annual Report
FinanceMalta

by FinanceMalta

18th June 2021

SAXO Bank Chief Economist optimistic for recovery in Malta’s Trade, Transport and Tourism
Bank of Valletta

by Bank of Valletta

25th May 2021

The future of Trade, Transport and Tourism in Malta – a business webinar by BOV, Saxo Bank and Malta Maritime Forum
Bank of Valletta

by Bank of Valletta

17th May 2021