KFH launches 2FA cam­paign for e-pay­ment ser­vice

Kuwait Times - - BUSINESS -

Kuwait Fi­nance House (KFH) has launched an aware­ness cam­paign for clients in or­der to ed­u­cate them on the Two Fac­tor Au­then­ti­ca­tion 2FA ser­vice for elec­tronic pay­ment. 2FA is an ex­tra layer of se­cu­rity by hav­ing the card owner re­ceive a dy­namic One Time Pass­word (OTP) on their reg­is­tered mo­bile num­ber as an ad­di­tional check when pro­cess­ing an on­line pay­ment trans­ac­tion through the pay­ment gate­way Kpay.

The ser­vice has been launched and ap­proved by K-Net to en­sure fur­ther se­cu­rity on all ATM/Knet trans­ac­tions. The 2FA cam­paign in­cludes mes­sages and il­lus­tra­tion vi­su­als on KFH chan­nels on so­cial me­dia for KFH cus­tomers. 2FA process is ef­fec­tive Jan­uary 1st where cus­tomers are re­quested to en­ter a pass­code of 6 dig­its. The pass­code will be sent upon con­duct­ing any no more than KD 25 pur­chas­ing trans­ac­tion on the in­ter­net to cus­tomers’ phone num­bers that is ap­proved by KFH. The cam­paign tar­gets shy­ing away cus­tomers from any re­jec­tion or de­lay for their trans­ac­tions when shop­ping on­line ahead of im­ple­ment­ing this ser­vice at the be­gin­ning of next year.

KFH urges cus­tomers to pe­ri­od­i­cally up­date their data and in­for­ma­tion, mainly the mo­bile phone num­ber for the sake of avoid­ing any dis­rup­tions or ob­sta­cles of the elec­tronic pay­ments. It is worth not­ing that only one phone num­ber is ap­proved to re­ceive the pass­code in a pe­riod of 4 min­utes.

KFH was es­tab­lished in Kuwait in 1977 and is en­listed in the Kuwait Stock Ex­change. KFH Group is a global pioneer in the field of Is­lamic bank­ing ser­vices, where it of­fers a wide ar­ray of Is­lamic prod­ucts and ser­vices, not to men­tion a high stan­dard of in­no­va­tion and client ser­vice.

KFH man­ages its op­er­a­tions in the GCC, Asia, and Europe through over 446 branches, in­clud­ing KFH-Turkey, in or­der to of­fer ser­vices for the bank’s clients in Turkey, Malaysia, Saudi Ara­bia, Bahrain, Ger­many, Jor­dan, and Dubai.

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