What is multi-factor authentication?
The first time you logon to FNB Online Banking you will be required to provide information necessary to establish the additional security requirements for multi-factor authentication. Multi-factor authentication is necessary to further enhance your security when using FNB Bank Online Banking, and to comply with current regulatory guidelines. An Authentication Image will be randomly selected for you during the enrollment process. You will also be requested to select an Authentication Pass Phrase. Both the image and pass phrase will be displayed to you in the future after you enter your Access ID. You should review the image and pass phrase that is displayed to ensure you are connected to the authentic FNB Online Banking site before entering your Password. (Note: A pass phrase is simply a word or phrase that you can easily remember and associate with online banking. We recommend you NOT use your Access ID or Password for this Pass Phrase.
Multi-factor authentication is a new enhanced security feature that helps protect you while you access your accounts online. The Federal Financial Institutions Examination Council (FFIEC) has issued new guidance for U.S. banks offering Internet-based financial services. These banks must offer multi-factor authentication to their customers by the year end 2006. For more information please click here.
Multi-factor authentication is any form of authentication (such as logging into Online Banking) that requires more than one independent piece of information to verify identity. For example, knowledge of a password is one factor, and knowledge of a secret question may be another. Nationwide Bank Online Banking uses multi-factor authentication to ensure that only you can access your account.
In an effort to increase online security measures, the Federal government has mandated that all US financial institutions implement a comprehensive identity verification program known as Multi-Factor Authentication. Financial institutions were given until December 2006 to comply with this mandatory security initiative.
