OTP Bank has implemented the PayControl system

2024: Implementation of PayControl

OTP Bank has implemented the PayControl GOST system in the Internet bank for corporate clients of OTP Business. SafeTech announced this on October 28, 2024.

The Bank's OTP strategy envisages continuous improvement of products and services offered in digital channels. This applies not only to remote service of private clients, but also to legal entities for which the ability to manage a business is critical, including solving financial issues "on the go": from a mobile phone or tablet. To ensure this possibility with the maximum level of security, OTP Bank was looking for the most effective solution from modern technologies for confirming documents and financial transactions. The result was the introduction of the PayControl GOST solution in the new Internet bank for legal entities "OTP Business." It is adapted for all devices and can easily manage your finances from a mobile phone, tablet or computer.

PayControl GOST is more convenient and safer than the classic means of confirming transactions (- USB takes, SMS and push- codes, etc.). It is easy to use PayControl GOST - just click on the screen, and smartphone the transfer transaction will be signed. It takes 2 seconds to confirm your payment.

PayControl GOST ensures secure storage of electronic signature keys, guarantees control of the integrity and authorship of the signed document, visualization of data before confirmation, risk of device scoring, etc.

Corporate clients expect from the bank not only favorable rates, but primarily a high-quality level of service, convenience, speed and security. Digital solutions help us meet all these requirements. Thanks to PayControl technology, our customers have received a solution for full and safe confirmation of transactions in the Internet bank OTP Business, - said Vitaly Sytnikov, Director for Corporate and Small Business Development at OTP Bank.

All over the world, credit organizations abandon morally and technically outdated ways to confirm transactions in the form of codes from SMS or push messages. They choose solutions that can really protect customers' funds from theft committed, including through social engineering. And we are pleased to see OTP-Bank among those Russian credit institutions that, in an effort to increase the convenience and security of their customers, are switching to modern and regulatory solutions that meet all regulatory requirements, "said Daria Verestnikova, Commercial Director of SafeTech.