Glossary of terms for the use of the ScotiaConnect platform. In this section you will find the letters from "R" to "Z".

R

• REFERENCE NUMBER: numeric value assigned to a user to perform the credential recovery registration for ScotiaConnect.
• REGULAR USER: A user who has been created for transaction and consultation only and does not have administrative rights.

S

• SECRET WORD: Value assigned to user to perform enrollment and credential recovery for ScotiaConnect.
• STATEMENT (Billing Report): A report that generally details payment terms, such as current or past, due amounts, outstanding balances, due dates, annual interest rates, and other details.
• SECURITY COMPONENT: Security software that protects virtual corporate banking against fraud and cyber-attacks. The tool provides the platform for our business and corporate customers to navigate more securely.
• __ SCOTIACONNECT:__ New Virtual Business Banking.
• SOFT TOKEN: Digital device used as a second authentication factor as a security element that generates one-time keys to authorize digital banking transactions. Its purpose is to strengthen monetary and non-monetary banking transactions.
• SUPER ADMINISTRATOR: Banking admin users created by the Bank to operate the platform.

T

• TRANSACTION LIMIT: Customization of the maximum amount of funds (maximum number of transactions) That can be granted to a user for monetary transactions. It can be parameterized Per account or per service an assigned per day.
• TRANSACTION NUMBER: Unique identifier for transaction within the ScotiaConnect application.
• TRANSFER BETWEEN PROPRIETARY PRODUCTS: The process of sending money from one person or bank to another, sometimes between countries.
• TOKEN: A security element that generates one-time keys to authorize digital banking transactions.

U

• USERNAME: Unique name assigned to identify each user on the platform.