Information about Current Events in Company Riga,

Riga, Latvia, 2017-03-30 09:51 CEST (GLOBE NEWSWIRE) -- ABLV Bank offers several innovations in products and services. They include restrictions for users of code cards, one-click payments and a whole list of other improvements in our Internetbank.

Restrictions for users of code cards

As reported earlier, in accordance with the information security requirements provided by the Financial and Capital Market Commission, increased safety requirements for user authentication in Internetbank are implemented for remote account management. In accordance with the said requirements operating with multiple-use value code cards will be restricted starting from 1 April 2017.

In response to the new requirements, in May 2015 we offered all of our clients to replace free of charge the multiple-use value code card with an electronic code card that generates unique authentication codes for each transaction.

Furthermore, since February 2017, in our Internetbank you can independently purchase a new mobile Digipass to use it as an additional authentication tool. Mobile Digipass is integrated into iPhone and iPad applications of our Internetbank.

For those clients who will not get to change the code card since 3 April 2017 we will grant access to the Internetbank in informative mode. This mode enables the client to enter Internetbank, see the condition of accounts and other financial information, and send a message to the bank in a free form.

Whereas the clients who use Internetbank with the two-factor authentication in informative mode will be able to submit some orders to the bank provided that such orders do not imply change of owner of the assets (for example, the client will be able to make payments between own accounts).

In accordance with our remote service development plans, we are going to stop accepting code cards with multiple-use values on 1 July 2017.

One-click payments and other innovations in Internetbank

On 2 April 2017, we are introducing more than 40 innovations to our Internetbank and its iPhone and iPad applications. The changes are aimed on making the use of it simpler and faster for the client.

From now on users will be offered a possibility to draft a new outgoing payment with one click, simply choosing one of the previously made incoming or outgoing payments from the account report. This is a great alternative for the existing functionality of payment templates because it facilitates filling in payment form using payment details of incoming payments, as well.

Here are some other major changes to mention:

• An option ensured to provide more information in a message to the private banker (up to 2000 characters) and to add up to 10 attachments of total volume of 10 MB;
• Presentation of payment cards is revised: the set daily cash withdrawal limit for payment card is added;
• In applications section separate forms for executing transactions with financial instruments and precious metals and their transfers are created;
• In order forms for financial instruments an automated recognition of financial instrument by the entered ISIN code is implemented;
• A convenient and comprehensive settings form for receiving regular statements and reports is created;
• A Rates and Charges section is created.

More information about spring news of ABLV Bank services is available at the bank's website .

         Ilmārs Jargans                    Head of Public Relations Department          ABLV Bank, AS          Tel.: +371 6777 5296          e-mail: ilmars.jargans@ablv.com