Bank of Valletta (BOV) has released a new update for its BOV 3D Secure app which addresses a number of bugs and issues, and as a result urges its clients to update their apps before 2nd December if they want to continue online shopping without issues.
The app was launched in 2021 as a way to beef up security for its clients in an ever digitalising world. The manner in which it works is, that when an individual is making an online transaction, the individual must authenticate it through the app before the transaction can be concluded. The app also works even if you are unable to connect to the internet or even have reception on your phone.
If automatic updates are enabled on the client’s phones then they should not have to worry but it is always best manually to minimise the risk of being unable to conduct a purchase. BOV is Malta’s largest bank, and its 3Ds app has over 100,000 downloads across Android and IOS.
Prime Minister announces review on effectiveness of Malta Enterprise support schemes
A pre-Budget meeting between Prime Minister Robert Abela and The Malta Chamber of Commerce was held on Friday
Victims of scammers posing as BOV blamed for negligence, but bank ‘can do more’ to reduce fraud risk
A decision by the Arbiter for Financial Services may encourage banks to pay closer attention to transactions requiring manual intervention
Revolut launches bill payment service for businesses
Revolut BillPay is said to help businesses save time managing and paying bills to suppliers in over 150 destinations