Multi-User Bank Account Login
Business Value
In some companies, it is common for multiple users to need access to a shared bank account to manage payments and conduct transactions. However, the PSD2 standard requires that each person accessing a bank account be individually authenticated. In some banks, this is possible through the setup of multi-user access, which allows multiple users to log in with their own credentials and access the same bank account.
Good to Know
Most banks support specifying multiple devices for authentication (Multi-Factor Authentication (MFA)) for a single user access. In this case, it is not necessary to set up separate user access for each user, as long as all users have access to the registered devices.
Feature Description
With the multi-user bank account login feature in 365 business Banking, companies can configure multiple user accesses for the same bank account. Each user can log in with their own credentials and access the shared bank account to manage payments and conduct transactions. This enables better collaboration and flexibility in managing bank accounts while simultaneously meeting the requirements of the PSD2 directive.
Warning
Creating additional user accesses corresponds to creating additional Banking Users in 365 business Banking and may potentially incur additional costs.
Please check the necessity of additional user accesses before using this feature to avoid unnecessary costs.