According to Decision 2345/QD-NHNN dated December 18, 12 (Decision 2023) of the State Bank on implementing safe and secure solutions in online payment and bank card payment, from January 2345 July 1, transferring money via online account or depositing money into e-wallet over 7 million VND must be biometrically authenticated via face and fingerprint.
Share around this issue in the newspaper Industry and Trade Mr. Pham Anh Tuan, Director of Payment Department, State Bank, said that the purpose of face authentication is to ensure that the owner is performing the transaction. According to Mr. Tuan, in recent times, many people have had their money appropriated by scammers. The tricks of these subjects are very sophisticated such as claiming to be authorities such as: Police, traffic inspectors... and creating situations that make people lose their guard, accessing software, links with code. poison. After that, the subject entered the account and even took control of the phone to take all the money.
Accordingly, to contribute to preventing the above situation and at the same time enhancing safety for account holders, according to Decision 2345, from July 1, money transfers under 7 million VND/time must be authenticated by code. OTP. With money transfers over 10 million VND, in addition to normal authentication like today, the person making the transaction must also authenticate their face. The purpose is to ensure that the correct owner is making the transaction. At the same time, the State Bank also stipulates that the total amount of transactions over 10 million VND/day must be authenticated by biometrics.
“Biometric authentication is a real face, not an image installed on the phone. That means the person making the money transfer must look at their face in the application, look up and down to ensure this is a live image. And the face of the person making the money transfer is compared with biometric data from the chip-embedded Citizen Identification Card managed by the Ministry of Public Security," Mr. Tuan said.
Clarifying more about this regulation, the leader of the Payment Department said that the regulation only applies to normal money transfer transactions, not to payment transactions in which the receiving party is a clear destination. clear.
“All payment transactions that payment acceptance units, credit institutions, and payment intermediaries have authenticated do not require biometric authentication. For example, paying electricity and water bills, paying taxes, paying traffic fees... all transactions with clear destinations do not require biometric authentication," Mr. Tuan added.
The State Bank requires credit institutions to apply biometric authentication measures for some types of transactions in online payments on the internet (Internet Banking, Mobile Banking). In addition, the State Bank also requires banks to store information about customers' online transaction devices and transaction authentication logs for at least 3 months.
For specially controlled credit institutions, the application period of the regulations in Decision 2345 will start from January 1, 1.
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Notably, recently, according to the results of investigations into fraud cases appropriating people's money, up to 99% of cases left no trace of the criminals. Because the money is transferred to the account, it is rented, borrowed, bought and sold, then transferred to another account. Tracing scammers is very difficult. But from July 1, even if customers accidentally transfer money to the scammer's account, they can still get their money back. Because to transfer to an account, the person must perform biometric authentication for transactions over 7 million VND. In case a crook uses his account to transfer money, the police will quickly determine his identity through comparison with information on the chip-embedded identification card.
Truc Chi (th)
