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tfauthentication_Fidelity IT solutions
Image from Fidelity IT Solutions

Multifactor authentication now mandatory in all online financial engagements

It is now mandatory for banks, financial institutions and their clients to employ so-called multifactor authentication systems when transacting online as countermeasure in a feared surge of cyber attacks in the country.

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Nestor-Espenilla

BSP orders banks to strengthen authentication of clients’ identity

The Bangko Sentral ng Pilipinas (BSP) is set to require banks operating in the country to beef up their authentication requirements as part of the all out campaign against cyber crime.

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zamboanga city
Photo from USAID E-PESO

Zamboanga City Government, USAID, DBP launch online tax payment

THE Online Payment System for real property taxes in the Zamboanga City Government was formally launched on Tuesday, March 28.

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bsp-to-pursue

Banks and non-banks to establish PESO Net and InstaPay

Under the strong sponsorship of the BSP, the various industry players – both Banks and non-bank Electronic Money Issuers (EMIs) signed off on Friday, 31 March 2017 on the Charter of the Payment System Management Body (PSMB). Industry players also expressed their commitment to form within 2017 two priority Automated Clearing Houses (ACHs): the Batch Electronic Fund Transfer (EFT) Credit ACH to be called “PESO Net” and the Real Time Low Value Push ACH to be called “InstaPay.”

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cdo online payment portal copy
From Cagayan de Oro City Government website

CDO introduces online system for assessing and paying taxes

Taxpayers in Cagayan de Oro City can now pay property taxes and other government fees online by accessing the online tax billing and payment system on the city government’s official website (www.cagayandeoro.gov.ph).

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