A new code makes online shopping safer

By: Trademagazin editor Date: 2021. 02. 19. 11:20

In the Financial Corner section of the Magyar Nemzeti Bank (MNB), origo seeks answers to the following question from central bank experts: “I would have bought online with my bank card, but the merchant asked for some new unknown code. Now I can’t buy anything, what should I do? ?” (A. Iván, Mátészalka). Binder István, the MNB’s supervisory spokesman, answers.

For our electronic bank account transactions, we have been accustomed for a few years now to having to enter another code in addition to our previous Internet IDs, ie to apply the so-called strong customer authentication to the given transactions, which arrives at our mobile phone, for example. (Binder István, MNB supervisory spokesman, origo)