Nigeria-based Fidelity Bank has implemented a security solution to protect its Verve and Debit MasterCard cardholders in all their online transactions.
The solution is applicable to all customers during their online transactions, the bank explained in a statement.
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The bank’s managing director Nnamdi Okonkwo said that the solution will help customers accomplish transactions like: airtime recharge, tickets, and general shopping.
He also observed that customers would be sent a one-time-password on their registered mobile phones to enhance security during transactions.
Also, the solution will enable customers to use the code to complete their transactions even if someone else had seen their card details, but will need to have their phones to conclude the transactions.
Okonkwo, who spoke through the divisional head, electronic banking, Adedeji Olowe, noted that the initiative is in addition to the security system that the bank already had, which constantly scans customers’ transactions for unusual activities.
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By GlobalData
