Bank of Valletta’s Internet Banking system and Securekey has recently been upgraded “to further safeguard customers’ security when effecting payments.”

The Bank explained that customers carrying out financial transactions are now requested to enter the last five digits of the account that they would like to transfer money to, together with the payment amount.

“This authenticates the transaction, providing further protection for customers by strengthening their online banking security and reducing the opportunity for fraud,” it said.

“In order to make the payment process as simple and fast as possible, while at the same time retaining the additional layers of security, customers using the digital key can use a new function ‘Cronto’ to authorise and authenticate their transactions, the Bank said.

Instead of entering the account digits and payment amount, BOV said that its customers can simply scan the ‘Cronto’ image on their BOV Mobile App and enter the code that appears onto their BOV Internet Banking.

To start using ‘BOV Signatures’ and the ‘Cronto’ function customers can download the BOV Mobile Banking App free of charge from Google Play or App Store.

For further information and user guides, or to download the app, please click here.

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