News Details

Increased security for online payments at APS Bank

08/03/2021 08:00:00

APS Bank has introduced a new process to make online purchases safer and more secure. This process forms part of a new regulatory requirement known as Strong Customer Authentication (SCA), which aims to continue minimising the risk of fraudulent transactions through an added layer of security.

Going forward, when conducting online payments customers will need to input a personal password, followed with the one-time password (which will still be received via SMS) to complete most of their online payments.

The personal password must be set by the customer for the APS card used for online payments. The password can be set from the comfort of one’s home using my APS internet and mobile banking. One can also download step-by-step guides on to set their personal password.

For more information, kindly access or reach out to our Contact Centre on 2122 6644 (Mon to Sat, 8am to 8pm).

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APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994 and to carry out Investment Services activities under the Investment Services Act 1994. The Bank is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act 2018.