Summit Bank E vs Parallex iToken

Summit Bank e-Token is a secure digital authentication application designed to replace physical hardware tokens for Summit Bank customers. The app generates time-based one-time passwords (OTPs) used to authorize financial transactions and access secure banking services. It provides a convenient, reliable, and secure alternative to hardware tokens. Key Features Secure OTP generation for transaction authorization Replacement for physical hardware tokens Works offline after activation Protected with device-level security Simple and user-friendly interface Who Can Use This App This app is intended for Summit Bank customers who have been enabled for token-based authentication. Important Notes Activation is required through Summit Bank This app does not process payments or hold funds Internet access may be required for initial setup Summit Bank e-Token complies with applicable banking security standards and regulatory requirements.

The PARALLEX iToken is a mobile app that generates One Time Passwords (OTPs) to verify electronic transactions. An OTP is a secure and automatically generated string of characters that confirms the user's identity during login or when completing electronic transactions. Electronic transactions, such as web, internet Banking and Mobile Banking activities, often require the input of digit codes generated by the PARALLEX iToken app. To activate the PARALLEX iToken, simply login to the PARALLEX Token app with your Parallex Online Banking credentials. Once logged in, Get started as outline below New User - Hardware Token - Crontocode - Authorization Code Existing User - Parallex eToken Once the app is activated, you can create a unique 4-digit PIN for logging into the application and enjoy 24/7 banking services. For further enquiries about the PARALLEX iToken, you can visit www.parallexbank.com or send an email to customercare@parallexbank.com or call us on 070072725539.. Note: To ensure the security of your OTP, never disclose the OTP code to anyone.