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POLi in Australia also asks for your bank username and password, logs into your bank's online portal, and performs a bank transfer on your behalf; which is of c

POLi in Australia also asks for your bank username and password, logs into your bank's online portal, and performs a bank transfer on your behalf; which is of course in violation of the bank's policies. It's truly insane, if I see any company accepting payment via POLi it's instant verification the company in question is clueless and that I should avoid using their services whenever possible, because they have zero idea about security. According to POLi[1][2], the list includes: Qantas, Jetstar, Virgin Australia, Microsoft (?), Sportsbet, Emirates, BetEasy, CoinSpot, Australia Post, TigerAir, Facebook (?) The list goes on. It's pure madness. I really wish there was more awareness of this, I can't believe these massive companies can't comprehend how they're being implicated when they encourage users to hand over their banking password to a third party. [1] https://www.polipayments.com/ https://www.polipayments.com/ [2] https://www.polipayments.com/Buy#matrix https://www.polipayments.com/Buy#matrix

tapland 8y ago
The problem with Klarna in Sweden is that virtually every single online shop use them now.
Nullabillity 8y ago
Trustly does this, too.
- hasa 8y ago
  Tink not mentioned yet
- tapland 8y ago
  Not sure about that. I used trustly last week and only had one authentication that was for the actual payment. No login to my bank. But I might be misremembering.
hiisukun 8y ago
Thanks for this comment. I had no idea - other than regularly seeing POLi as an option (that my bank didn't support) when visiting some of the websites you mentioned. I will certainly steer clear of this process in the future.
daemin 8y ago
Which is amusing / horrifying because Australia already has good ways to transfer money between bank accounts. BSB/Acct# for normal transfers and BPay for bills.
- deleted 8y ago
  [deleted]
icebraining 8y ago
> if I see any company accepting payment via POLi it's instant verification the company in question is clueless and that I should avoid using their services whenever possible, because they have zero idea about security. They just don't care; if something happens, people (including the press) won't really blame Microsoft or Qantas, so they don't have an incentive to vet those payment systems.

tapland 8y ago

The problem with Klarna in Sweden is that virtually every single online shop use them now.

Nullabillity 8y ago

Trustly does this, too.

hasa 8y ago
Tink not mentioned yet
tapland 8y ago
Not sure about that. I used trustly last week and only had one authentication that was for the actual payment. No login to my bank. But I might be misremembering.

hiisukun 8y ago

Thanks for this comment. I had no idea - other than regularly seeing POLi as an option (that my bank didn't support) when visiting some of the websites you mentioned. I will certainly steer clear of this process in the future.

daemin 8y ago

Which is amusing / horrifying because Australia already has good ways to transfer money between bank accounts. BSB/Acct# for normal transfers and BPay for bills.

deleted 8y ago
[deleted]

icebraining 8y ago

> if I see any company accepting payment via POLi it's instant verification the company in question is clueless and that I should avoid using their services whenever possible, because they have zero idea about security. They just don't care; if something happens, people (including the press) won't really blame Microsoft or Qantas, so they don't have an incentive to vet those payment systems.