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As I've said in another comment it's part of an European Directive : PSD-2. Think of it the equivalent of the cookie wall but for banking.

by tangue 5y ago

dewey 5y ago
> Think of it the equivalent of the cookie wall but for banking. That comparison doesn't really make sense. Cookie banners exist to inform you about data sharing agreements. PSD-2 regulates how third party providers and banks can work together and providing more open APIs between banks and consumer apps.
Denvercoder9 5y ago
PSD-2 does in no way, shape or form require people to enter, nor mandate banks to support people entering their banking information on third party sites.
- tangue 5y ago
  * Strong Customer Authentication (SCA) is a new requirement of the second Payment Services Directive (PSD2), ... It will require banks to perform additional checks when consumers make payments to confirm their identity. To do this, banks may ask for a combination of two forms of identification at checkout. Examples include: Something they know (such as a password or PIN).* [0] https://www.visa.co.uk/partner-with-us/payment-technology/strong-customer-authentication.html https://www.visa.co.uk/partner-with-us/payment-technology/st...
  - dewey 5y ago
    This is different and sofort pre-dates these requirements. They actually take your username / password and log into the bank website. It’s not just about asking some additional parameters for security or require 2FA.
sparsely 5y ago
Wise manages it via push notifications to their app, no need for you to enter a password or similar on a third party domain.
- vbarrielle 5y ago
  La Banque Postale recommends doing it with an app, this is the workaround for people without an app.
raverbashing 5y ago
SCA is not only about card payments but it is also about paying using your bank acct for example That being said nobody is asking passwords for paying with cards (now if you're doing a payment through your bank that's a different issue)

As I've said in another comment it's part of an European Directive : PSD-2. Think of it the equivalent of the cookie wall but for banking.

by tangue 5y ago

As I've said in another comment it's part of an European Directive : PSD-2. Think of it the equivalent of the cookie wall but for banking.

dewey 5y ago

> Think of it the equivalent of the cookie wall but for banking. That comparison doesn't really make sense. Cookie banners exist to inform you about data sharing agreements. PSD-2 regulates how third party providers and banks can work together and providing more open APIs between banks and consumer apps.

Denvercoder9 5y ago

PSD-2 does in no way, shape or form require people to enter, nor mandate banks to support people entering their banking information on third party sites.

tangue 5y ago
* Strong Customer Authentication (SCA) is a new requirement of the second Payment Services Directive (PSD2), ... It will require banks to perform additional checks when consumers make payments to confirm their identity. To do this, banks may ask for a combination of two forms of identification at checkout. Examples include: Something they know (such as a password or PIN).* [0] https://www.visa.co.uk/partner-with-us/payment-technology/strong-customer-authentication.html https://www.visa.co.uk/partner-with-us/payment-technology/st...
- dewey 5y ago
  This is different and sofort pre-dates these requirements. They actually take your username / password and log into the bank website. It’s not just about asking some additional parameters for security or require 2FA.

sparsely 5y ago

Wise manages it via push notifications to their app, no need for you to enter a password or similar on a third party domain.

vbarrielle 5y ago
La Banque Postale recommends doing it with an app, this is the workaround for people without an app.

raverbashing 5y ago

SCA is not only about card payments but it is also about paying using your bank acct for example That being said nobody is asking passwords for paying with cards (now if you're doing a payment through your bank that's a different issue)