In the first of a number of initiatives to be rolled out across PEXA, additional tools are now in place to assist you in upholding the highest possible security standards to safeguard transactions conducted via the platform.
The following new features are now available:
Authentication of new users
Any new users created in an existing Subscriber account will remain in an ‘inactive’ status until PEXA activates them following identity and authenticity checks. The verification process will be initiated by PEXA with a phone call to the Subscriber. Authentication may take up to two business days and the new user will not appear in your user list until complete.
Remember: only users who have been assigned signing permissions and have a bespoke digital certificate with accompanying password can sign documents and the financial settlement schedule in PEXA.
Workspace time stamps for modifications
The financial settlement schedule now displays the date and time of the latest changes made to destination line items, as well as the specific user who made the change. This can be used as an additional method to validate details prior to signing. The document signing screen also displays the destination line items owned by you based on your role in the workspace to assist with your final checks.
More information on these features and what else is to come later in Release 8.0.2 can be found in the Release Notes.
Keeping the network safe, together
In the coming weeks, PEXA will introduce multi-factor verification when logging in to PEXA. Once enabled, members will be prompted to follow a simple set-up process allowing their identity to be confirmed at log in.
As ever, we encourage members to continue practising security measures such as verbally confirming bank account details with clients, not using public Wi-Fi for business, keeping security patches up-to-date and importantly, checking payment directions immediately prior to signing.
If you have any questions around these new features, please ask here in Community.