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Are all Internet Banks moving to use A Personal C&P Card Reader to add 'security' to on line banking. Any ideas of banks who will not use this?

manpossessed
by manpossessed 26 July 2010  |  Comments 5 comments  |  Love Love  0 loves

Smile have sent me a Card Reader which you now have to use for any transactions through the web site. Frustratingly this means you have to have the unit with you when you want to process a transaction and if you wish to make 6 transactions you have to process the card 6 seperate times. I have resorted to using telephone banking as a less onerous method of doing my processing, and feel this is a bad technical solution to internet security.

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Comments (5)

  • SoftwareBear
    Love rating 212
    SoftwareBear posted

    often this is just the set up of the first payment to each unqiue destination though ... rather than the every payment to the same destination ?

    even non-"internet" banks are using them for internet transactions.

    Posted on 26 July 2010 | Love Love  0 loves Report
  • MikeGG1
    Love rating 824
    MikeGG1 posted

    Santander don't. They send you a text message with a code which you have to input for any debits.

    Mike

    Posted on 26 July 2010 | Love Love  0 loves Report
  • JoeEasedale
    Love rating 159
    JoeEasedale posted

    Smile certainly do not use them for every transaction. I have had their reader, amongst others, for over a year or so, and have only had to use it a couple of times.

    Posted on 26 July 2010 | Love Love  0 loves Report
  • Mister W
    Love rating 16
    Mister W posted

    These card readers are a bug bear of mine. By using them the banks are abdicating responsibility for some of their security to the customer instead of making sure their own security is tight.

    First Direct don't use them. 

    Posted on 27 July 2010 | Love Love  0 loves Report
  • SmudgeButt
    Love rating 83
    SmudgeButt posted

    Haven't had one for VirginOne which is part of RBS.

    Posted on 28 July 2010 | Love Love  0 loves Report

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