Common use of Online Security Clause in Contracts

Online Security. MFA – Multi-factor Authentication as defined as ‘multifactor’ per FDIC and NCUA guidelines, outline three base factors of authentication as ownership, knowledge and inherence, i.e.: what you have, what you know, what you are. Utilizing these, our online banking then follows the FDIC and NCUA guidelines to recognize “multiple factors of knowledge” as being these factors, Username/Account Number, PIN and Secret Question.

Online Security. MFA – Multi-factor Authentication as defined as ‘multifactor’ per FDIC and NCUA guidelines, outline three base factors of authentication as ownershipowner- ship, knowledge and inherence, i.e.: what you have, what you know, what you are. Utilizing these, our online banking then follows the FDIC and NCUA guidelines to recognize “multiple factors of knowledge” as being these factors, Username/Account Number, PIN and Secret Question.