Mastercard Securecode... meh

Richdog

Richdog

Richdog

Caporegime
Joined
8 Sep 2005
Posts
27,732
Location
Utopia
Ok ok i'm all for keeping my detailsa secure, but is anyone else a bit miffed by this "extra security step" that is being pushed on us? I have been forced to set it up on two cards now as the stores I was ordering from literally wouldn't let me order without completing it. Not the end of the world, I know, but it does mean I now have two more codes to remember, and as each one HAD to have a letter in them then it's not as simple to commit to memory as a simple PIN, and while i'm not paranoid, I don't write down my card details anywhere... on computer or paper.

Meh, just found it a bit annoying that's all, i'd much prefer it be optional instead of having it pushed down my throat. :o
 
You think thats bad? Have you not seein nationwides USB card reader, itd be hilarious if that became a requirement.
 
Is this not the most amateur looking attempt at card security you've ever seen as well? When I first saw it I thought it was a virus got in, it just loaded up on the screen with poor quality images and no letter in the post or notification from Mastercard or Maestro thet they were about to start using it. So so poor.
 
its not only nationwide, lots of others have sent out card readers to customers.

i remember having to sign up to mastercard securecode when i set up my barclaycard, but i've never had to use it at any website. seems a bit pointless unless people actually use it.
 
The "Verified by Visa" or "Mastercode Securecode" are kind of OK - they're just something else to commit to memory.

Having to use the Nationwide card-reader for any transactions done within your own online banking, requiring you to have it with you all the time, should you ever decide you need to transfer some money to someone else etc, is a right PITA. I transfer some money to my mum each month from my Nationwide account to her Nationwide account, but it varies from month-to-month, so we didn't set up a Standing Order. In the last couple of months it's been a right pain to do, and it's turned a 1 minute job into a 15 minute job whilst you rack your brains to think where you put the stupid thing in the first place!
 
Defcon5 said:
Isnt it some kind of chip and pin machine that you plug into your PC?
Click to expand...
Natwest are using this as well. Yes, it's a chip and pin reader that generates a code for your online transactions and internet banking. What it does mean is if your card is lost or stolen you then can't use your internet banking :confused:

Who thinks these things up?
 
Confused said:
The "Verified by Visa" or "Mastercode Securecode" are kind of OK - they're just something else to commit to memory.

Having to use the Nationwide card-reader for any transactions done within your own online banking, requiring you to have it with you all the time, should you ever decide you need to transfer some money to someone else etc, is a right PITA. I transfer some money to my mum each month from my Nationwide account to her Nationwide account, but it varies from month-to-month, so we didn't set up a Standing Order. In the last couple of months it's been a right pain to do, and it's turned a 1 minute job into a 15 minute job whilst you rack your brains to think where you put the stupid thing in the first place!
Click to expand...

what, you actually need it for online banking?
Iv got online banking and my bloody thing didnt even turn up. They sent 1 to my household even though theres 3 of us with nationwide accounts.
 
peetee said:
what, you actually need it for online banking?
Iv got online banking and my bloody thing didnt even turn up. They sent 1 to my household even though theres 3 of us with nationwide accounts.
Click to expand...

It annoyed me when you had to start setting up "Arrangements" a couple of years ago to transfer money - adding about 6 extra steps to the money transfer process - rather than just choosing "This account type", "This sort code", "This account number", "This amount" on a single page...

Even with doing a transfer of money from my account to one of these "Arrangements" that have been set up, it prompts me to return the code generated by this stupid thing!

Myself and my mum received one each though...
 
Jonny69 said:
Natwest are using this as well. Yes, it's a chip and pin reader that generates a code for your online transactions and internet banking. What it does mean is if your card is lost or stolen you then can't use your internet banking :confused:

Who thinks these things up?
Click to expand...

It's called two-factor authentication. And natwest don't require it to use your online banking, only if you want to set up a new payee.

Basically, it's an extra control, meaning that if someone did get into your online banking by guessing your password, the only thing they can do is move money between your accounts and pay those people who you have previously set up as payees. They couldn't add themselves as a payee and then empty your account because they'd need the device, your card and your PIN. If you lose your card, you just can't pay new people from online.

Good idea IMO.
 
imagine if they made banking simple =/

**edit from the above post it seems like a good idea actually. Still a faff but good extra security.. still find online banking complex tbh tho :D
 
Jonny69 said:
Natwest are using this as well. Yes, it's a chip and pin reader that generates a code for your online transactions and internet banking. What it does mean is if your card is lost or stolen you then can't use your internet banking :confused:

Who thinks these things up?
Click to expand...

If HSBC considered that i'd give seiorus thought to transferring my business elsewhere. I use online banking all the time and if I had to to that i'd be tearing my hair out daily. What if you want to do something at work and don't have your reader there? Nightmare.
 
growse said:
It's called two-factor authentication. And natwest don't require it to use your online banking, only if you want to set up a new payee.

Basically, it's an extra control, meaning that if someone did get into your online banking by guessing your password, the only thing they can do is move money between your accounts and pay those people who you have previously set up as payees. They couldn't add themselves as a payee and then empty your account because they'd need the device, your card and your PIN. If you lose your card, you just can't pay new people from online.

Good idea IMO.
Click to expand...
You also can't pay an old payee. Any online transfer requires your card reader. It's so bloody irritating, when I'm trying to transfer money to my girlfriends account.
 
Richdog said:
If HSBC considered that i'd give seiorus thought to transferring my business elsewhere. I use online banking all the time and if I had to to that i'd be tearing my hair out daily. What if you want to do something at work and don't have your reader there? Nightmare.
Click to expand...
Same here, the reason I like their internet banking is I can use it anywhere, anytime.
 
Chris1712 said:
I hate this new 'Verified by VISA' stuff, it needs capitals/non capitals and numbers! I forget it 9/10 times.
Click to expand...

And the couple of times I've forgotten it, I've been able to go through the "I've forgotten it" steps and still proceed there and then with the transaction, as the info it asks for is simple stuff!
 
that vierifed by visa thing annoys the hell out of me i always forget the password but luckily so far i have been able to just click the recover password thing everytime ive made an order
 
You must log in or register to reply here.
Back
Top Bottom