Transaction Authorization Code (TAC) definition
Transaction Authorization Code (TAC) means a security feature that has been implemented to provide second layer of protection for online banking transactions, in addition to your Username and Password. It is a unique and numeric code that needs to be entered for specific online transactions which may be sent to you via SMS to you based on the Mobile Device number provided by you to the Bank.
Transaction Authorization Code (TAC) means the 6-digit code sent by the Bank via SMS for the availment of an Internet Banking Service, which you shall use to complete an Internet Banking financial transaction.