Business And Markets

Static Debit Card Passwords Expire Dec 22

Static Debit Card Passwords Expire Dec 22Static Debit Card Passwords Expire Dec 22

With the launch of one-time password for debit cards on December 22, all static passwords will be deactivated, the vice central bank governor for innovative technologies, said. 
Mehran Moharamian said grounds are paved for launching the OTP by the beginning of the next calendar month on Dec. 22, and banks are informing customers about the plan, IBENA reported. 
Earlier in the month the Central Bank of Iran announced a deadline based on which using the OTP would be obligatory for all non-card transactions from Dec. 22.  


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