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

The new notified PIFs framework: MFSA publishes consultation document on regulatory changes
Ganado Advocates

by Ganado Advocates

26th May 2023

BOV Asset Management Limited launches the Global Multi-Asset Thematic 60 Fund managed by Fidelity International
Bank of Valletta

by Bank of Valletta

7th May 2023

Infocredit Group Limited

by Infocredit Group Limited

3rd May 2023

The classification of cryptoassets under the new Markets in Crypto-Assets Regulation
Ganado Advocates

by Ganado Advocates

24th February 2023

Welcome to “Enterprise Innovation” ¦ 23 February 2023 at Salini Resort Hotel
Griffiths + Associates Ltd

by Griffiths + Associates Ltd

20th February 2023

Bank of Valletta organises business breakfast on the Climate Challenges and Opportunities for Real Estate
Bank of Valletta

by Bank of Valletta

31st January 2023

BOV participates in Ġemma and MBA’s pilot project to promote financial literacy courses for elderly
Bank of Valletta

by Bank of Valletta

27th December 2022

High calibre international speakers for FinanceMalta’s 15th Annual Conference

by FinanceMalta

28th October 2022

H.E. Sheikh Feisal Bin Qassim Al Thani celebrates BNF Bank’s success in latest visit to Malta
BNF Bank plc

by BNF Bank plc

6th October 2022