When you sign up for a Paxum account you will receive a PDF file containing a grid of approval codes labeled Transaction Approval Codes.
You MUST keep these codes somewhere safe as you will be asked for one of the codes from the grid EVERY time you initiate a transaction (wire send, P2P payment, account update, etc) within your Paxum account admin.By adding this extra layer of protection and security, Paxum is helping you protect your account against unauthorized access.
When you have Transaction Approval Codes switched on (they are easily disabled inside your Account Admin under the Security tab if you prefer), if someone steals your password to gain access to your account you will be automatically protected since your attacker will NOT have access to your Transaction Approval Codes so they WON'T be able to do anything with your money!
Whenever you want to send money online or receive money online, you want to make sure those funds will be protected.
With Paxum, your account security is our number one priority!