More Out-of-Band Banking AuthN
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More Out-of-Band Banking AuthN
I recently
wrote about HSBC moving to out-of-band AuthN for consumer banking (i.e.
using a PIN delivered to a preregistered phone). Now Bank of America is
announcing a similar mechanism (via PaymentNews).
Bank of America currently uses SiteKey which doesn’t really provide much
additional security, so the addition of an out-of-band authentication could
be very beneficial. It will all depend of the authentication needed to set
the callback number._____
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