[LINK] Bank services

[stephen at melbpc.org.au]

At 12:46 PM 3/07/2007, Adam Todd wrote:

>> SMS approval  for bank account withdrawals?
>
> NAB has had this for about 2 years.  

Wespac doesn't have this, though they do have click-on password
entry, which the Commonwealth does not.  The Bendigo Bank has a
combination arrangement "To further protect your e-banking, Bendigo
Bank provides all customers with the option of Security Tokens. (so to)
authorise payments to third parties. A Security Token provides a second
level of authentication for your e-banking, in conjunction with your ID
and PIN. It's like a key ring with a digital number display .. a button,
generates a six-digit number .. a different number every 36 seconds." The
ANZ has zip, but for warnings they won't reimburse for inadequate security

So, SMS approval .. Comm Bank & NAB yes .. Westpac & ANZ & Bendigo, no.

As Roger writes "NZ's slack-and-idle regulator has permitted NZ banks to
impose increased liabilities on consumers for ePayments that go wrong."

And it appears the Australian arm of the ANZ has the worst e-security of
the banks in this country also. Maybe Linkers might take the ANZ to task?
Quiet conversations with your local ANZ branch may help Aussie e-commerce?

Cheers, people
Stephen Loosley
Victoria, Australia