[LINK] Bank to offer SMS security option

[stephen at melbpc.org.au]

>
> At 05:12 PM 24/01/2007, Glen writes:
>
>> I'm looking for some help here. I'm writing a submission
>> to ASIC on the review of the EFT Code of Conduct ...
>
> Well said. Another bank security service imho should be to offer their
> customers SMS 'back-channel' notification of larger transactions, and
> even a third stage, requiring an SMS approval-reply before completion.

The Age paper today, ('Money' Section p9) notes that the Commonwealth
Bank will soon offer, "the option of an SMS security-code service .... the
bank will prompt the customer to request a code number which is then
delivered via an SMS message .."

Cheers people
Stephen Loosley
Victoria, Australia