Barclays Moving To Two-Factor Online Banking Authentication
Tom Young reports for Computing from the UK that Barclays plans to issue new hand-held card readers to all of its online banking customers for use in authenticating their logon access to Barclays' online banking sites. According to the article, the readers will read the chips on Barclays debit cards and generate a unique one-time password that must then be used to successfully complete the logon. The devices are based upon standards developed by APACS.
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