Two-factor authentication (2FA) asks for two different types of identity evidence, such as a password and confirmation through a registered device.[1][2] Two passwords do not inherently constitute two factors: the distinction concerns evidence categories, not additional form fields.
Consider 2FA for staff accessing payment settings or customer information. Protect recovery after device loss so it does not undermine the main checks. 2FA is a general security method, while payment SCA imposes specific requirements on its application. The terms are therefore not interchangeable in every context.
Content updated:
Sources
Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.