Enhancing Security with Multi-Factor Authentication at Holdings

At Holdings, we prioritize the security of your high-yield business banking account by implementing Multi-Factor Authentication (MFA). This critical security measure provides an additional layer of protection for your account, ensuring your business funds remain secure even if your password is compromised.

How MFA Works at Holdings

Our MFA implementation follows industry best practices by requiring multiple verification factors:

1. Download an authenticator app of your choice on your smartphone

2. Scan the QR code displayed during setup using your authenticator app

3. The app generates a unique 6-digit code that refreshes every 30 seconds

4. When logging in, enter both your password and the current 6-digit code

This approach aligns with zero-trust security architecture principles, requiring verification at each access point to your financial data.

Why MFA is Essential for Your Business

Implementing MFA across all Holdings accounts provides several critical benefits:

• Creates multiple security layers that make unauthorized access significantly more difficult

• Protects against phishing attacks that might compromise passwords

• Secures privileged accounts with access to business finances

• Prevents unauthorized transactions even if credentials are stolen

• Complements our other security features like Money Movement Controls

Recommended Authenticator Apps

While we remain neutral regarding specific applications, these popular authenticator options work seamlessly with Holdings:

• Google Authenticator

• Microsoft Authenticator

• Authy

• Duo Mobile

• LastPass Authenticator

Each provides similar functionality with varying additional features. Choose the one that best fits your business needs and device ecosystem.

Troubleshooting MFA Issues

Common MFA challenges and their solutions:

Device Changes: If you get a new phone or lose your device, you'll need to reconfigure your authenticator app. Contact our support team to assist with the transition.

Time Synchronization: Occasionally, time discrepancies between your device and our servers can cause authentication failures. Most apps have a sync feature to resolve this.

App Malfunctions: In rare cases where the authenticator app experiences problems, try restarting your device or reinstalling the app.

For any persistent issues, our support team is available at support@getholdings.com or via chat on our website to help restore secure access to your account.

Remember that MFA is just one component of our comprehensive security approach that protects your business's high-yield account with up to 3% APY and $3M in FDIC insurance.