Maybank no longer to used SMS TAC for transaction, it will be switching to Secure2u.
- Fenny
- Mar 12, 2021
- 1 min read
Maybank announces that from March 15 onwards, users will be required to utilize Secure2u to authorize bill payments and Interbank Giro (IBG) transfers of any amount on Maybank2u.
Maybank says that SMS TAC (transaction authorization code) no longer to be used to approve selected online transactions on Maybank2u and it will be switching to Secure2u as the preferred authorization method.
According to its website said that the move is part of an effort to provide customers with better online banking security. Secure2u “pairs your device with your Maybank2u User ID”, providing “an extra level of security as all transactions initiated can only be authorized on your registered device”.
If users have already registered for Secure2u, then the service will be the default method for all transactions.
To activate Secure2u, users can start by downloading the Maybank2u MY app on Google Play or Apple App store. Click on the Menu tab on the left and select Secure2u then follow the setup instructions. They will be asked to key in a one-time password sent to their phone number, enter the ID number and then submit.
After each effective date, SMS TAC was no longer generated for users.
What do you think about this method?
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