CUSTOMER TO BANK AUTHENTICATION Sample Clauses

CUSTOMER TO BANK AUTHENTICATION. Customers must perform authentication to prove their identity to a bank before a ses- sion is initiated in which bank account(s) can be managed. This is referred to as entity authentication. Furthermore, it is possible that an extra authentication step is re- quired to authorize the transfer of money. This is defined as transaction authentication. ACM Computing Surveys, Vol. 49, No. 4, Article 61, Publication date: December 2016. 61:10 X. Xxxxxx et al. Entity authentication is mandatory, while transaction authentication is optional to im- plement [Claessens et al. 2002]. Several factors can be used in user authentication. These are knowledge (something the user knows), possession (something the user physically has), and biometrics (some- thing the user physically is or does). The terms two- or multifactor authentication are used when at least two different factors need to be fulfilled to establish an authenticated session. Knowledge is mostly represented, followed by possession. Biometrics based on physical characteristics is rarely used, and was only observed in mobile banking. We examined 80 home banking sites on the use of authentication methods for per- xxxxx computers. The same was done for 60 mobile banking applications and 25 mobile banking sites. Not every bank that offers home banking offers mobile banking, which is why the numbers of the different types of examined online banking systems differ. Mobile banking applications seem to be far more popular compared to mobile banking sites, despite that the latter is more independent of the used platform. Also, for mobile banking we could not determine the used authentication methods for two applications and one site because we could not get the necessary information from the offered user interface or documentation. These are excluded from the 58 applications and 24 sites for which we could collect this information. We also compare our findings with our research data from 2013. At the time, we examined 81 home banking sites, 45 mobile applications, and 19 mobile sites. For one home banking site, it was in 2013 not possible to determine what kind of authenti- cation method they used since a customer number had to be entered first before any information about authentication options were given [Kiljan et al. 2014a]. Therefore, for user authentication, only 80 banks home banking sites are considered for 2013, the same number of home banking sites as were examined in 2015. First, we will present our findings...
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Related to CUSTOMER TO BANK AUTHENTICATION

  • Access by and Authentication of Authorized Users Authorized Users of the Participating Institutions shall be granted access to the Licensed Materials pursuant to the following:

  • Authorization, Authentication, and Access In order to ensure that access to the Data is limited to authorized staff, the Contractor must:

  • Authentication This Note shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent.

  • Execution, Authentication, Availability and Dating of the Residual Certificates The Residual Certificates shall be executed on behalf of Xxxxxx Mae by an Authorized Officer of Xxxxxx Xxx under the corporate seal of Xxxxxx Mae, which may be in facsimile form and be imprinted or otherwise reproduced thereon, and shall be attested by the Secretary, Assistant Secretary, or a second Authorized Officer of Xxxxxx Xxx. The signature of any of these Persons on the Residual Certificates may be manual or facsimile. A Residual Certificate bearing the manual or facsimile signature of individuals who were at any time officers of Xxxxxx Mae shall bind Xxxxxx Xxx, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificate or did not hold such offices at the date of such Certificate. At any time and from time to time after the execution and delivery of this Trust Agreement, Xxxxxx Mae may deliver Residual Certificates executed by Xxxxxx Xxx to the Certificate Registrar for authentication and the Certificate Registrar shall authenticate and make available such Certificates as provided in this Trust Agreement and not otherwise. No Residual Certificate shall be entitled to any benefit under this Trust Agreement or be valid for any purpose, unless there appears on such Residual Certificate a certificate of authentication substantially in the form provided for herein, executed by the Certificate Registrar by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Residual Certificate shall be conclusive evidence, and the only evidence, that such Residual Certificate has been duly authenticated and made available hereunder. Each Residual Certificate shall be dated the date of its authentication.

  • Execution, Authentication, Delivery and Dating of Rights Certificates (a) The Rights Certificates shall be executed on behalf of the Company by any of its Chairman of the Board, President, Chief Executive Officer and Chief Financial Officer. The signature of any of these officers on the Rights Certificates may be manual or facsimile. Rights Certificates bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices either before or after the countersignature and delivery of such Rights Certificates.

  • Executed and authenticated be executed manually or in facsimile by or on behalf of the Issuer and authenticated manually by or on behalf of the Fiscal Agent; and

  • Execution and Authentication At least one Officer must sign the Notes for the Company by manual or facsimile signature. If an Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated, the Note will nevertheless be valid. A Note will not be valid until authenticated by the manual signature of the Trustee. The signature will be conclusive evidence that the Note has been authenticated under this Indenture. The Trustee will, upon receipt of a written order of the Company signed by an Officer (an “Authentication Order”), authenticate Notes for original issue that may be validly issued under this Indenture, including any Additional Notes. The aggregate principal amount of Notes outstanding at any time may not exceed the aggregate principal amount of Notes authorized for issuance by the Company pursuant to one or more Authentication Orders, except as provided in Section 2.07 hereof. The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Notes. An authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with Holders or an Affiliate of the Company.

  • AUTHENTICATION OF FACSIMILE BIDS The act of submitting a Bid by facsimile transmission, including an executed signature page or as otherwise specified in the Bid Documents, shall be deemed a confirming act by Bidder which authenticates the signing of the Bid.

  • Execution Completion Authentication and Delivery (a) The Notes shall be executed on behalf of the Issuer by one or more officers of the Issuer authorized to do so pursuant to one or more resolutions of the Issuer, whose signatures may be manual or facsimile (an "Authorized Officer"). Notes bearing the manual or facsimile signature of an Authorized Officer shall bind the Issuer, notwithstanding that such person no longer serves as the official so authorized to execute the Notes prior to the authentication and delivery of the Notes or was not such an official at the date of execution of such Notes. The Global Agent shall have no responsibility to the Issuer to determine by whom or by what means a facsimile signature may have been affixed on the Notes, or to determine whether any facsimile or manual signature is genuine.

  • Authorized Signatures (1) Each of the undersigned represents that he or she is fully authorized to enter into the terms and conditions of, and to execute, this Settlement Agreement on behalf of the Parties identified above their respective signatures and their law firms.

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