guess so many of us have been hearing about
token device but don't know what it actually means.the Nigeria banking sector is really embracing technology to the extent of allowing their customers to carry on
banking transaction through the
internet with the aid of what is called
token device. so before you can perform such transaction online, your bank will give you token device that will serve as a
security device to enable you carry out transaction especially
transfer of money online.so
what is a token device.
a token device a a small portable device issued by banks like
gtbank,
diamond bank,
skybank etc to their customers who wish to apply for internet banking.the device serve as security for customers to effectively perform transfer of money through the internet.
you may like to read
internet banking what does it mean
when performing a transaction online, you will have to generate a transaction code from the token device before such transaction would be effective.
so in essence, unauthorized users can not use your account to transfer money without having the device with them, so it is advice able to keep the device in a safe place and also carry it to wherever you are traveling to because you as the account holder can not perform transaction without having it by your side.that's all, ENJOY.
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