Online banking card reader

Chuckles · 16-04-2008, 23:20

Quite cool but awkward this.

Just got a chip and pin card reader thing (looks like a small calculator) from Nationwide. The idea is that for certain transactions online and on internet banking, you have to put you card in the reader, which generates a code. This is then used to validate the transaction.

First I've heard of this and it'll be a pain if I'm not at home and want to move money around, but at least it's extra protection.

Matblack · 16-04-2008, 23:26

Intelligent Finance are using a mobile phone based system, I think because they are Internet based they are confident that all their users have a mobile. Its good they offer an added layer of security though

MB

Chuckles · 16-04-2008, 23:35

Quote:

Originally Posted by Matblack

Intelligent Finance are using a mobile phone based system, I think because they are Internet based they are confident that all their users have a mobile. Its good they offer an added layer of security though

MB

I've got a IF account as well. I move a standing order of money out of my main current account that my wages go into an IF one that my bills get paid from.

I got screwed the other day because I wanted to change something but they had my old mobile number. Always a good excuse to listen to a girls sexy Edinbrough accent though

Matblack · 16-04-2008, 23:41

If I want that I can always phone Blackstar

MB

Mark · 17-04-2008, 00:10

Having been frauded for the second time today (why on earth would I want a Medion PC) I fully support security initiatives, so long as they don't break my account consolidation (which, ironically, is done by Egg - with whom both fraud events also happened).

PS - they declined the transactions this time - dormant card, so it was obvious.

lostkat · 17-04-2008, 06:12

Leon's had one of these for a while with Barclays. Seems to work quite well.

jmc41 · 17-04-2008, 06:37

Got one with Natwest, seems fine now I got setup with a card that works with it. Heard Nationwide are doing it too but not got a reader yet myself, my Grandad's had one for months.

Will · 17-04-2008, 07:00

I carry that calculator thing with me on holiday - it's a pain when I'm at work though and I need to do some urgent things. It's great for security and everything, but they won't send you a second one (well Barclays won't).

jmc41 · 17-04-2008, 21:02

What if you lose the one you have?

Daz · 17-04-2008, 21:24

I've got one from Natwest, and I quite like it. You dont have to use it for all transactions, but things like adding/removing payee's, setting up/cancelling standing orders etc. Only once have I been inconvenienced by it and I'll live with that for the extra security it brings

16-04-2008, 23:20	#1
Chuckles '09 sexual conquests: 4.5 Join Date: Sep 2007 Posts: 1,075	Online banking card reader Quite cool but awkward this. Just got a chip and pin card reader thing (looks like a small calculator) from Nationwide. The idea is that for certain transactions online and on internet banking, you have to put you card in the reader, which generates a code. This is then used to validate the transaction. First I've heard of this and it'll be a pain if I'm not at home and want to move money around, but at least it's extra protection. __________________

16-04-2008, 23:26	#2
Matblack Baby Bore Join Date: Jun 2006 Location: Svalbard Posts: 9,770	Intelligent Finance are using a mobile phone based system, I think because they are Internet based they are confident that all their users have a mobile. Its good they offer an added layer of security though MB __________________ "we had roots that grew towards each other underground, and when all the pretty blossom had fallen from our branches we found that we were one tree and not two"

16-04-2008, 23:41	#4
Matblack Baby Bore Join Date: Jun 2006 Location: Svalbard Posts: 9,770	If I want that I can always phone Blackstar MB __________________ "we had roots that grew towards each other underground, and when all the pretty blossom had fallen from our branches we found that we were one tree and not two"

17-04-2008, 06:12	#6
lostkat Good Cat Join Date: Jun 2006 Posts: 5,550	Leon's had one of these for a while with Barclays. Seems to work quite well. __________________ Oooooh Cecil, what have you done?

17-04-2008, 07:00	#8
Will BBx woz 'ere :P Join Date: Jan 1970 Posts: 2,147,487,208	I carry that calculator thing with me on holiday - it's a pain when I'm at work though and I need to do some urgent things. It's great for security and everything, but they won't send you a second one (well Barclays won't). __________________ *No No!*

17-04-2008, 00:10	#5
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Having been frauded for the second time today (why on earth would I want a Medion PC) I fully support security initiatives, so long as they don't break my account consolidation (which, ironically, is done by Egg - with whom both fraud events also happened). PS - they declined the transactions this time - dormant card, so it was obvious.

17-04-2008, 06:37	#7
jmc41 Absinthe Join Date: Mar 2007 Posts: 1,070	Got one with Natwest, seems fine now I got setup with a card that works with it. Heard Nationwide are doing it too but not got a reader yet myself, my Grandad's had one for months.

17-04-2008, 21:02	#9
jmc41 Absinthe Join Date: Mar 2007 Posts: 1,070	What if you lose the one you have?

17-04-2008, 21:24	#10
Daz The Stig Join Date: Jun 2006 Location: Swad! Posts: 10,713	I've got one from Natwest, and I quite like it. You dont have to use it for all transactions, but things like adding/removing payee's, setting up/cancelling standing orders etc. Only once have I been inconvenienced by it and I'll live with that for the extra security it brings __________________ apt-get moo