Online shopping will not be slower due to two-factor authentication
Online bank card payment will not be noticeably slower due to the mandatory introduction of two-factor authentication from September 14, as the bank will send a text message containing the code in real time, Hungary’s cyber coordinator told M1 news channel on Friday.
Rajnai Zoltán said that the two-factor authentication is being introduced by the European Union for secure online shopping, as Internet banking fraud has increased enormously worldwide.
The provision does not require contracts to be modified, because the online shopping process remains unchanged, he added. (MTI)
Related news
Consumers continue to blend in-store, online shopping methods
Nearly three-quarters of U.S. consumers are embracing the omnichannel shopping…
Read more >
The United States has the Highest Ecommerce Penetration Rate
According to data presented by Stocklytics.com, the United States has…
Read more >
The treatment of businesses in the area of online shopping is unfair
The letter addressed to László Kovács, President of the Hungarian…
Read more >Related news
KSH: Gross average earnings were HUF 605,400 in February 2024, 14.0 percent higher than a year earlier
In February 2024, the gross average earnings of those employed…
Read more >
Sándor Czomba: 566 micro, small and medium-sized enterprises receive capacity-building support
566 people successfully applied for the capacity expansion support aimed…
Read more >
UN: worldwide food insecurity continued to increase last year
The insecurity of the food supply has increased further in…
Read more >
