[LINK] Bank to offer SMS security option

[Adam Todd]

NAB already has the process.

You have to go INTO the branch to set your phone number BEFORE you can 
activate it.  You may be able to use phone banking to et the number, but 
you have to do it via an operator, it's not a button pushing process.

The SMS messages are generally fairly instant.  But of course, SMS is 
guaranteed to be delivered at some time, not guaranteed to be delivered 
instantly.

At 11:17 PM 7/02/2007, Howard Lowndes wrote:


>stephen at melbpc.org.au wrote:
>>>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 .."
>
>I hope this is to a pre-registered, by a separate channel, phone number, 
>and not a "Enter your phone number here" solution.
>
>>Cheers people
>>Stephen Loosley
>>Victoria, Australia
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>--
>Howard.
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