No, 3D Secure and Two-Factor Authentication (2FA) are related because they serve as security layer in the financial and banking sector, but not the same. Key Differences Between 3D Secure and General 2FA Here’s how they differ: Purpose 3D Secure: A specific protocol designed to secure online card transactions by authenticating the cardholder. It’s used … Read more
The digital revolution in banking has reshaped how customers interact with financial institutions, but it has also introduced new risks, particularly in online transactions. One of the key tools to combat these risks is 3D Secure, a protocol designed to enhance the security of online card payments. Let’s break it down. What is 3D Secure? … Read more
When you walk into a bank to open an account, one of the first things they will ask you to do is something called “KYC.” This might sound complicated, but it’s just a way for the bank to get to know you better. What is KYC? KYC or Know Your Customer is a basic check … Read more
There are many things associated with your Bank Verification Number, that’s why you’re advised to keep it or never share it with a stranger. Have you been wondering how 419 or Yahoo Boys ( online fraudsters) in Nigeria could use your BVN to steal money from your bank account? In this post, we’ll tell you why … Read more
A few years back, a friend was robbed, his wallet which contained some monies and his ATM Debit Card were stolen. Good for him, his mobile phone wasn’t stolen. And within a few minutes, he communicated with his bank by dialing the USSD code to block his account number. This means his ATM card with robbers … Read more
Your fingerprint which was taken while opening a bank account can now be used whenever you plan to make a withdrawal from an Automated Teller Machine. Technology has made it possible for you to withdraw money from ATMs using fingerprints at any bank location in Nigeria and across the world Fingerprint withdrawal is a … Read more
In this guide, we’ll show you how to withdraw from Aku wallet directly to your bank account hassle-free. Aku wallet transfer code: How to withdraw money from my AKu Wallet Step 1: Simply send AKU To 7447 Step 2: A message appears on your phone Step 3: Enter “1” and accept If you are registered … Read more
In case you have found a better alternative or maybe simply decided not to use the payment service anymore, here is the guide to work through the process of deleting your existing Payoneer account easily. Payoneer affords freelancers as well as professionals globally to receive and make payments. If you already have a Payoneer account … Read more
BVN means Bank Verification Bank. It’s one of the security measures introduced by the Central bank of Nigeria (CBN). You can use the USSD code *565*0# to get the 11-digit number displayed on your mobile phone within a maximum of five seconds. It attracts charges. The same code can be used to retrieve it if you … Read more