Authenticator vs. SMS Code: Higher Security in Payout Banking

The security of our clients is our top priority, which is why we introduced a new feature in Payout Banking less than a year ago: a two-factor authentication system with an authenticator. This new form of verification not only provides a high level of security, but also convenience when confirming payments and accessing Payout Banking. Many of our clients were used to verifying payments using an SMS code, but the authenticator has many more advantages. What are they?

ADVANTAGES OF THE AUTHENTICATOR

High security:

As we mentioned in the introduction, the authenticator provides a higher level of security compared to the old SMS code system. Why is that? The authenticator increases 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 conditions. The authenticator allows for more secure, faster, and more convenient payment confirmation and access to your account.

Flexibility and more options:

Authenticator apps offer a wide range of features and customizations that allow you to tailor the verification process to your preferences. Don't always be the one adapting. This will make your online business much more enjoyable and flexible.

WHAT DOES THIS MEAN FOR US?

We are committed to protecting your funds and personal data. By introducing an authenticator in Payout Banking, we are achieving 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 the authenticator? It's not complicated. We'll explain how to set up the authenticator in a few steps below.

SETTING UP THE AUTHENTICATOR

Go to the Profile section of your Payout account.
Select Two-factor authentication and then Authenticator.
Install any authenticator app (we've included a few tips below) on your device and follow the instructions on the screen.
Once successfully configured, you can sign payments via the authenticator.
In addition to signing payments, this tool can also be used to log in to Payout banking.

WE RECOMMEND THESE AUTHENTICATOR APPS

Yubico authenticator: https://www.yubico.com/products/yubico-authenticator/
Google authenticator: Android: https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=en_US iOS: https://apps.apple.com/us/app/google-authenticator/id388497605
Sentinel authenticator: https://getsentinel.io/authenticator
Authy authenticator: https://authy.com/
Microsoft authenticator: https://www.microsoft.com/sk-sk/security/mobile-authenticator-app

CONCLUSION

With the authenticator in Payout Banking, we are reaching a new level of security. Don't hesitate and set up the authenticator in your account as soon as possible so that you can take full advantage of all the benefits of this feature. Your funds deserve the best protection, and the authenticator will provide it with minimal effort on your part.

Article Author

Paula Lipková

PR Marketing Specialist