Online shopping – Changing to a more secure authentication method
Due to EU regulations (PSD2), online shopping SMS OTP will conclude on 11/01/2021 and will be replaced by Eurobank CY Cards Authenticator Mobile App. The new features/advantages are:
Seamless registration process:
Registration made easy using only your Date of Birth and an Active Eurobank Cyprus card number
Confirm the transaction by using a dedicated PIN of your choice or by using the Biometric authentication (Biometric authentication needs to be activated on your phone)
Transaction displayed clearly
Transaction details are clearly indicated, including, merchant name, transaction amount and transaction date
Instant decision and safeguard from fraud
You can instantly accept legitimate transactions or decline any fraudulently activated transactions
• The App can be found at both on Play Store for android phones and Apple store for iOS phones.
• In order to register to the service, you need to have the application installed and an activated Eurobank VISA card handy.
• Mobile data or Wi-Fi coverage needed for connecting to the service.
More information here