Re:Introducing the Shift Card: Use Bitcoin where Visa is acc...
by caskance on Friday November 20, 2015 @12:53PM
(#10602625)
Different axis aka not security. The security is much better. But it's slow and inconvenient.
Re:Introducing the Shift Card: Use Bitcoin where Visa is acc...
by Symbiote on Friday November 20, 2015 @02:52PM
(#10603414)
I opened an account at Metro Bank (in London), in a branch. They verified my id, then printed a debit card — this took about 10 minutes — and let me set its initial PIN in the bank.
I don't know if this is now normal in the UK. The previous time I opened an account in-branch was 2004, when the chip card arrived by post a few days later, with the PIN in a separate letter.
Re:Introducing the Shift Card: Use Bitcoin where Visa is acc...
by kuschku on Friday November 20, 2015 @07:07PM
(#10604744)
Similar situation here in Germany – but some banks, as I mentioned, require you to verify online that you received the letters, if you enabled this security feature.
In fact, I’ll go next friday to the bank to get a new debit card, as my existing one stopped working a few months ago.
Re:Introducing the Shift Card: Use Bitcoin where Visa is acc...
by makomk on Saturday November 21, 2015 @06:32AM
(#10606504)
Metro Bank are a newcomer to the market who've focused heavily on streamlining their customer enrolment because of that. I don't think other banks offer this.
Re:Introducing the Shift Card: Use Bitcoin where Visa is acc...
by kuschku on Friday November 20, 2015 @01:55PM
(#10603062)
How is it inconvenient? It’s not like you get a new card every day.
And it only delays the process by 2 days. At maximum.
If the attacker already has access to the online banking account, then he/she can do much worse things anyway.