back Back

BENEFIT announces new cybersecurity feature on its app

By Leandra Monteiro

January 05, 2023

  • Bahrain
  • Benefit
  • BenefitPay
Share

BenefitBENEFIT, the Bahrain-based company in FinTech and electronic financial transactions service, has recently announced several security enhancements to the BenefitPay application with the aim of enhancing the user experience when switching mobile phones.

The latest enhancements include prompting users to deactivate the BenefitPay account used on their old phone before activating it on their new device, as this step contributes to enhancing user safety and security while limiting electronic fraud risks.

Commenting on the occasion, Ahmed AlMahri, Head of BENEFIT’s Business Development and Services Department, said, “As part of its efforts to improve and protect users’ experiences, BENEFIT is eager to periodically introduce improvements to its services and evaluate best practices. In this regard, we recently modified the activation mechanism of the BenefitPay application in a new phone, as the new procedure requires that the user first cancels the activated account on the old phone before proceeding to install the application on the new phone, by selecting the Deactivate feature in the Settings menu on the old device.”

He added, “In the event that the old phone is not available for any reason or due to formatting the old device, the customer must visit BENEFIT’s customer service center at the Company’s headquarters in Seef District, where the deactivating process will be completed by a qualified employee after verifying the customer’s identity. This measure is taken to ensure security and compliance with consumer identity verification regulations in order to protect them from fraudsters.”

Previous Article

January 05, 2023

Netcapital Inc. names Martin Kay as CEO

Read More
Next Article

January 05, 2023

Brightwell and Virgin Voyages expand their partnership to provide corporate disbursements globally

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Bahrain

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 19, 2024

Cashflows partners with National Association of Funeral Directors

Read More

April 19, 2024

Ant International set to create digital business centre in Malaysia

Read More

April 19, 2024

Opn appoints Vaden Landers as President and CEO of MerchantE

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023