Online Banking Card Reader

[Twinspin]

I have my business banking with Lloyds TSB and they have changed the way you logon to your online banking.

It used to be an User ID and password followed by a encryption process
where you have to put in certain digits of your secret answer.

Now thats all changed.

I had a card reader delivered this morning and its good that the bank is taking the right steps to maximum security.

Ive just had through the door a card reader. rather than the encryption you now have to put your business debit card into your card reader and put in your pin number and it will generate an 8 digit idenfication password which you enter instead of the encryption.

You need to now use the card reader to identify who you are for all transactions even inside the account.

I think its a real good idea personally has anyone else got one through?

[Charlie Brown]

I've had my Natwest one for some time!

It's great! I pretend to be a bank clerk when I'm bored. ;)

[Solitaire Events Ltd]

I've been using one for years.

[Dynamic Entertainment]

HSBC has an identitag system where you press a button on a keyfob and it generates a random set of numbers that you have to input, along with a password and username.

[Vectis]

Yawn... how very 80s :D

SecurID has been around since Noah was a nipper.


Anyway.... yes I use one. I also have one for my PayPal account (you can buy them for £3 ... little known badly advertised fact there ;) )

[Charlie Brown]

Why would you need one for PayPal? :confused:

I might get one though.

[Vectis]

Why would you need one for PayPal? :confused:

I might get one though.

Extra security layer.

Password + SecurID code is much more secure than password alone.


This might help:
https://www.paypal.com/cgi-bin/webscr?cmd=xpt/Marketing_CommandDriven/securitycenter/PayPalSecurityKeyFAQ-outside

[Excalibur]

Why would you need one for PayPal? :confused:

I might get one though.

Oh Charlie, this is Vectis you're talking to. ;) ;) ;) I bet Mrs Vectis has to enter a nine digit, alphanumerical password just to use the cooker. ;)

[Larry B Entertainment]

Oh Charlie, this is Vectis you're talking to. ;) ;) ;) I bet Mrs Vectis has to enter a nine digit, alphanumerical password just to use the cooker. ;)

128 Bit SLL encryption to use the washing machine

[Corabar Steve]

Why is this in chat rather than business matters?

[Corabar Steve]

Moved.

[Charlie Brown]

Oh Charlie, this is Vectis you're talking to. ;) ;) ;) I bet Mrs Vectis has to enter a nine digit, alphanumerical password just to use the cooker. ;)

:lol:

Is this true Martin? :p

[Vectis]

Oh Charlie, this is Vectis you're talking to. ;) ;) ;) I bet Mrs Vectis has to enter a nine digit, alphanumerical password just to use the cooker. ;)


:lol:

Is this true Martin? :p


Well... not really. But if you've ever tasted Mrs VV's cooking you'd understand why that's a very tempting proposition... :D

[Twinspin]

because i didnt think it was really business matters asking if anyone had got one.

[simon1969]

I have one with Barclays and a telephone banking code also similar to a pin number which is useful too.

[Dynamic Entertainment]

From a bit of digging, it appears that HSBC is the only bank to opt out of this scheme :(

[DazzyD]

From a bit of digging, it appears that HSBC is the only bank to opt out of this scheme :(

I've never had anything similar mentioned to me by Halifax so HSBC might not be the only one.