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Authenticator vs. SMS Code: Enhanced Security in Payout Banking

The security of our clients is our top priority, so less than a year ago we came up with an innovation in Payout Banking, a two-factor authentication system - with an authenticator. This new form of authentication not only provides a high level of security, but also convenience when confirming payments and accessing Payout Banking. Many of our clients have been used to authenticating payments using an SMS code, but the authenticator has many more benefits. What are they?

11. April 2024 | 3 min.

BENEFITS OF AUTHENTICATOR

High Security:

As we mentioned in the introduction, the authenticator brings a higher level of security compared to the old SMS code system. Why is this so? With Authenticator, there is increased resistance to attacks that could compromise your accounts.

Faster and more convenient:

You no longer have to rely on the arrival of an SMS code, which may be delayed or unavailable in certain situations or circumstances. Authenticator makes it more secure, faster and convenient to confirm payments and access your account. 

Flexibility and multiple options:

Authenticator apps offer a wide range of functionality and customizations that allow you to tailor the authentication process to your preferences. Don't just customize all the time. This will make your online business much more enjoyable and flexible. 

WHAT DOES IT MEAN FOR US? 

We are committed to protecting your funds and personal data. By introducing an authenticator in Payout Banking, we consequently achieve a higher level of security for all our clients. 

Have you decided to choose a more secure way of doing business, but don't know how to get started with an authenticator? It's nothing complicated. We'll explain how to set up your authenticator in a few points below. 

SETTING UP AN AUTHENTICATOR

1. Go to the Profile section in your Payout account.

2. Select the Two-Factor Authentication option and then the Authenticator option.

3. Install any authenticator app (below are a few tips) on your device and follow the on-screen instructions.

4. Once successfully configured, you can sign payments via Authenticator.

5. In addition to signing payments, this tool is also used for logging into Payout Banking.

WE RECOMMEND THE FOLLOWING AUTHENTICATOR APPS

CONCLUSION

With authenticator in Payout Banking, we are taking security to a new level. Don't hesitate to set up an authenticator in your account as soon as possible to take full advantage of this feature. Your funds deserve the best protection, and Authenticator will give it to you with minimal effort on your part.

Paula Lipková
Article Author
Paula Lipková
PR marketing specialist

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