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This is great - and it begs the question why my brokerage and banking accounts don't offer something similar, especially considering I have iPhone apps from bot
by tomkarlo 16y ago
This is great - and it begs the question why my brokerage and banking accounts don't offer something similar, especially considering I have iPhone apps from both that could be providing the second authentication factor.
- minouye 16y agoBofA uses something similar when transferring funds between accounts--a unique code is texted to a registered mobile device to complete the transfer. It seems feasible that they could extend the technology to logins.
- tomkarlo 16y agoFour or five years ago I did some work with a company that provides online banking web platforms to smaller regional banks. I asked the CEO about 1+1 authentication (at the time in the context of a RSAID type keychain fob device) and he said they'd pitched it but there was no interest from the banks. In their defense, maybe those RSA thingies are just too expensive for consumer accounts, I do know Citi now provides them to business accounts.
- 16s 16y agoOTP's are much more popular with European banks. Companies such as Vasco sell lot's of OTP fobs there. It's gaining traction here in the US as well though.