How does BankVault’s 3FA differ from my banks 2FA?

Two-factor authentication, also known as 2FA, can be described as something that you know (your login and password) and something that you have (a banking SMS text or a banking Fob ).

People can’t imagine it would be possible to hack their phone or Fob, but this actually happens a great deal. Just like any magic trick, once you know the secret its actually quite simple.

BankVault’s 3FA augments what the bank provide. We use 3 factors of authentication to uniquely identify you and then block out anything a hacker could have done, before you even connect with the bank. You then continue to use the bank’s 2FA to complete your transaction.

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