Re:The “Cobra Effect” that is disabling paste on password fi...
by wila on Sunday June 26, 2016 @12:33PM
(#11981457)
The Rabobank system when used for online shopping using the "rabo scanner" works by redirecting to their site. Then displays a color QR code that your scanner reads.
You insert card and enter PIN, then scan the QR code.
The device actually displays amount+account that you are transferring money to. Then asks you if that is correct.
If you enter "yes", it will give you a 8 digit code that you can enter in the website to confirm.
[0] https://www.rabobank.nl/images/how_does_the_rabo_scanner_wor...
[1] https://www.youtube.com/watch?v=f5FIxRsqFUA (work flow - in dutch, start at 20 sec, before that they show the old reader)
That's still 2FA though, isn't it? You're proving to the server that you have the card and the pin.