It is when a bank phone app is being used as a second factor (or, when on your phone, it redirects to it). This has been used in the Netherlands for almost 2 de

It is when a bank phone app is being used as a second factor (or, when on your phone, it redirects to it). This has been used in the Netherlands for almost 2 decades[1] for online payments (iDeal) and card fraud is basically a non-issue. [1] Before smartphones a hardware token that requires your physical card was used.