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What is the difference between a password and a passphrase?

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What is the difference between a password and a passphrase?

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A password is the alphanumeric code used to log in to Business Banking Online, whereas a passphrase is the 8 digit alphanumeric code that is used in conjunction with the Digital Certificate. The passphrase must be typed in every time you want to authorise a payment, as it protects the use of the Digital Certificate.

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