PSD2 and the need of OTP for contacts updates

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jar
Posts: 97
Joined: Mon Apr 20, 2015 8:55 am

PSD2 and the need of OTP for contacts updates

Post by jar » Thu May 23, 2019 6:54 am

Hi,

PSD2 demands that all contacts (frequently beneficiary of funds) changes are made with OTP.
This feature must be available before 14th September, to respect PSD2.
Thanks for your kind attention.
Best regards,

JAR

admin
Site Admin
Posts: 1413
Joined: Mon Jan 24, 2005 10:31 am

Re: PSD2 and the need of OTP for contacts updates

Post by admin » Thu May 23, 2019 9:48 am

Cyclos supports already OTP on operations such as payments or change profile.
It can be enabled in the channel (Confirmation method).
As of Cyclos version 4.12 (coming out this month) it is also possible to enable trusted mobile. devices. Together with OTP this will provide a very high level of security.

jar
Posts: 97
Joined: Mon Apr 20, 2015 8:55 am

Re: PSD2 and the need of OTP for contacts updates

Post by jar » Thu May 23, 2019 10:26 am

Ok. And will it allow to be applied to contacts changes (updating/removing/adding)?
Thanks for your kind attention.
Best regards,

JAR

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