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Citibank Hungary Launches New Fund Transfer Checking Process for Citibank Online Unique security offering provides peace of mind to online banking customers
December 18th, 2006. - Budapest
 

Citibank Online customers can now enjoy greater protection when banking online thanks to a new fund transfer process which ensures unique security together with the virtual keyboard based login system introduced by Citibank earlier this year. As a result of the new security enhancement, customers can initiate any online fund transfers exclusively to those beneficiaries that are included in the customer's Payee List within the Citibank Online system, this way avoiding any unauthorized transaction. Activating a new beneficiary in the Payee List is an easy and quick process, during which customers need to use an Online Activation Code that is sent as a text message to their mobile phones registered with the bank.

Mr. Batara Sianturi Consumer Business Manager for Citibank Zrt. said: "Citibank's online banking solution is unique as we consciously worked on an innovative solution to provide Citibank Online customers the highest level of security against fraudulent activities. With the objective of providing best in class customer experience, we leveraged on our global expertise to provide a solution that while highly secure, is also user friendly, convenient, and fits the lifestyles of our customers."

"Pleasingly, our endeavor for innovation has been well received by both customers and key influencers, and this year Citibank won the 2006 Best Integrated Consumer Site and Best Information Security Initiatives award in Central and Eastern Europe given from Global Finance magazine," - added Mr. Sianturi.

Security of online banking for the SME account customers served through CitiBusiness has also been enhanced. This customer segment can now initiate mass fund transfers based on an Online Transaction Code delivered to the customer's mobile phone registered with the bank. Consumer and SME customers can also activate the beneficiaries by calling CitiPhone Banking.

Individual and SME account keeping customers served through CitiBusiness, as well as individual credit card and Diners Club card customers have access to the Citibank Online internet banking system, that offers many internet banking features.

For further information visit: www.citibank.hu. To read Citibank's advice for safer banking online visit.

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Media Contact:

Eva Hencz, Vice President, Public Affairs Officer, Citibank Zrt.
Tel: +36 1 374-5307, Mobile: +36 30 250-7473, Fax: +36 1 374-5378

 
 
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