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GR-6.3.12

Conventional retail bank licensees must have in place a strong customer authentication process and ensure the following:

(a) no information on any of the elements of the strong customer authentication can be derived from the disclosure of the authentication code;
(b) it is not possible to generate a new authentication code based on the knowledge of any other code previously generated; and
(c) the authentication code cannot be forged.

 

Amended: July 2021
Added: April 2019