Online banking issues
in Banking, Insurance & Loans ·
There’s zero need for all these smart cards, tokens, or other nonsense. I seriously doubt they simplify anything; if anything, they just add layers of complexity by forcing you to install extra software or hardware, which usually ties you down to a single computer.
At the end of the day, everything runs through a 128-bit encrypted SSL browser layer, and that should be the end of it. Sure, you need a user ID and a password that you can change whenever you feel like it.
Besides, I don't know anyone in the USA who has ever had an issue with online banking or using Bill Pay. To me, that seems like the most secure way to communicate with your bank. In any other scenario—like when you involve the human element—there's always the risk of someone memorizing your card details or robbing you at an ATM... or worse.
And like someone once said, what can a hacker actually do if they manage to log into my account? They can't, unless they have my specific user ID and password, and even then, if they miss three attempts, the whole account gets suspended automatically. Honestly, the dumbest thing they could do is just transfer money to their own account. If you're going to be a real criminal, it would be smarter to figure out how much cash you have and then kidnap a spouse or a sister to extort you...
Then again, you can just set a daily transaction limit—usually a few thousand dollars or whatever you decide—which adds another layer of safety. 🙂
At the end of the day, everything runs through a 128-bit encrypted SSL browser layer, and that should be the end of it. Sure, you need a user ID and a password that you can change whenever you feel like it.
Besides, I don't know anyone in the USA who has ever had an issue with online banking or using Bill Pay. To me, that seems like the most secure way to communicate with your bank. In any other scenario—like when you involve the human element—there's always the risk of someone memorizing your card details or robbing you at an ATM... or worse.
And like someone once said, what can a hacker actually do if they manage to log into my account? They can't, unless they have my specific user ID and password, and even then, if they miss three attempts, the whole account gets suspended automatically. Honestly, the dumbest thing they could do is just transfer money to their own account. If you're going to be a real criminal, it would be smarter to figure out how much cash you have and then kidnap a spouse or a sister to extort you...
Then again, you can just set a daily transaction limit—usually a few thousand dollars or whatever you decide—which adds another layer of safety. 🙂