password1, password2, ... password23, password24.
This means that if you discover someone's current password, you also have their future 10+ passwords as well.
I get your point... but having an expiry that can't generate a notification is really bizarre. And having done enterprise financial software in a previous life (company was actually sold to FISERV, though I never went over), if our customers had been subjected to these conditions, it would have been a massive challenge.
Not having it would be better, but that would be insubordination.
This was the middle east, and yes they refused to use password manager programs because they didn't understand them
Why am I mentioning this? Well, if you are an army leader, and you know that your soldiers in general have an IQ score of around 82; would you let them make their own decisions on the ground? How about if your soldiers were known for having almost 115?
Yeah, sure, how you decide to make your next password may of course be down to culture, and the decision to have a password manager is perhaps too. However at some point a password manager should be a requirement for even signing up to your service, much less becoming an employee, especially if you already know about the prevalent culture.
I’m not saying whether this is a good idea or not. I haven’t thought through it.
This is a very good reason to change bank. That unacceptable answer would certainly induce me to rage quit the service, whatever the inconvenience.
FISERV is a dominant player in this space. Either this situation is a matter of configuration/settings, or a limitation of their software.
I have no idea that a different bank would have better systems, and it's a Really Big Deal to move business banking.
Login via web browser, and sure enough it'll tell me my password expired and it's time to change it. They also occasionally enforce 2FA. Passwords are also how you connect things like Quickbooks.
When I called the bank to find out how to get notifications that a password has expired, they said there was no way. "When you change your password, set a calendar event for 60 days ahead..." they told me.