Multi-factor authentication for online banking is slated to be implemented with the October 2024 release.

Yes, so far Plaid is the only aggregator that is supported with MFA, because they have worked with us to establish a direct integration for authentication. Most aggregators use a “screen-scrape” technique, which means the member gives their credentials to the aggregator and they in turn log in to the site as if they are the member, navigate the site and copy or download needed data. MFA keeps this from working because the aggregator cannot receive and enter the one-time passcode.

To date no other aggregators are supported once your credit union activates MFA. But we are happy to work with any aggregator who wishes to take advantage of the same infrastructure as we use for our Plaid integration, to establish a secure connection as an alternative to their current screen-scrape technique.

Learn more about MFA in the other resources below.