20th October 2019
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    • DECLINE IN UNAUTHORIZED WITHDRAWALS BY APPLYING BANK SHAHR’S “RAMZ-NET”

      DECLINE IN UNAUTHORIZED WITHDRAWALS BY APPLYING BANK SHAHR’S “RAMZ-NET”

      DECLINE IN UNAUTHORIZED WITHDRAWALS BY APPLYING BANK SHAHR’S “RAMZ-NET”

      Referring to the emphasis of the Central Bank of Islamic Republic of Iran on banking network customers to use one-time passwords (OTP) for financial transactions on the Internet, BANK SHAHR’s Deputy of Planning and Information Technology said: “Bank Shahr’s customers can use the bank's "Ramz-Net" software to increase the security of their banking transactions.”

      According to reports of the Communication Center and Public Relations of Bank Shahr, Javad Attaran stated: “In order to provide a secure platform for the bank’s customers while performing card transactions, Bank Shahr has implemented the software "Ramz-net" so that this software provides the ability to generate one-time passwords and then second passwords for online or in person transactions through IPG (Internet Payment Gateway), as well as providing modern channels for one-time passwords.”
      Stating that Bank Shahr customers can get this software for their smartphones from the reputable online markets of Play Store and Café Bazar for Android and Apple OS for iOS, he clarified that: “Bank Shahr customers by downloading the software "Ramz-net” and activating it will be able to apply the password generated by this software for 60 seconds. This password will be valid for a short time and after that will lose its validity; therefore, there will be no risk in case if its exposure.”

      Bank Shahr’s Deputy of Planning and Information Technology, by pointing out that the most important advantage of using "Ramz-net" software, is that it is impossible for others to know the customers' banking password, stressed that “By increase in applying this software we will witness a large decline in cybercrimes especially regarding the issue of unauthorized bank withdrawals.”
      On how to activate "Ramz-net", Attaran said: “After installing software on mobile, users can enter their identity information and by returning to their Internet Bank account or Bank Shahr branches, can activate and use this software.”