Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why is additional authentication needed for the bill pay program?

April 26, 2017additional authentication needed program

0

Posted

Why is additional authentication needed for the bill pay program?

1 Answer

0

Posted

In October 2005, the Federal Financial Institution Examination Council (FFIEC) issued guidance to all U.S. financial institutions regarding authentication in an internet banking environment. In this guidance, all financial institutions are required to implement additional security tools to mitigate risk.