Online Banking - Are card readers legal?

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Reply to
Stuart B
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The ones Barclays are issuing are battery powered and do not need to be plugged in to the computer

Reply to
Tommo

And what if you're on holiday and lose it? You're not at home them to recieve a new one. Depends how much internet banking you do, but it would be very annoying to be left without access.

Reply to
mogga

At 14:31:50 on 08/01/2008, mogga delighted uk.legal by announcing:

And what if you're on holiday and lose your debit card?

Given what others have stated about the need for the device, would you actually need that level of functionality on holiday?

Reply to
Alex

Then you are inconvenienced. Though somewhat less than losing your wallet or passport.

Reply to
Cynic

I use NW online banking..i aint got a card reader

Reply to
Jules

You'd have a spare. Or get someone to send you some money.

No access without it. Isn't that what they're planning for everyone?

Reply to
mogga

At 15:09:27 on 08/01/2008, mogga delighted uk.legal by announcing:

There you go then.

AIUI you wouldn't be able to set up a new payee whilst you're on holiday. What a hardship!

Reply to
Alex

It would probably be even worse if you lost your card!

Reply to
®i©ardo

Two things to lose which you most certainly shouldn't keep together. It seems to me that it's much more likely to lose one of two things than one of one thing.

Reply to
tinnews

"(not quite so) Fat Sam" wrote in message news: snipped-for-privacy@giganews.com...

The OP is talking bollocks. I have a Nat West online account and a card reader is NOT needed to operate it. Indeed. I have yet to install the card reader the bank sent me. The card reader is ONLY required if you want to set up a new payee. which is sensible, as that is the way that a fraudster would attempt to syphon the money from your account.

Reply to
Colonel Colt

The same could be argued wrt a swipe card reader.

Reply to
Cynic

Okay, I'm very confuddled now. If it doesn't plug into th ecomputer, how does it authenticate your identity to the online banking system?

Reply to
(not quite so) Fat Sam

My Barclays account I can't even login without the device.

Tim.

Reply to
google

Quite so.

And I have yet to received one, and I still use NWOLB every day. As I understand it, the 'reader' simply generates a unique number for each transaction, which you then have to enter to validate the transactions. As has been said, it's only needed if you're setting up DDs etc.

R
Reply to
rousseau

At 16:20:55 on 08/01/2008, (not quite so) Fat Sam delighted uk.finance by announcing:

It generates a code which you enter into the online system.

Reply to
Alex

At first glance it looks exactly like a small pocket calculator. No audio, no

I haven't the faintest I'm afraid!

David

Reply to
Lobster

Because they can e-transfer physical objects now?

No I wouldn't be able to pay invoices either. Or move money around.

Reply to
mogga

At 18:27:50 on 08/01/2008, mogga delighted uk.legal by announcing:

What?

Do you really need to do that on holiday?

Reply to
Alex

I'm posting this message using linux, and I can assure you, I don't keep my money under the mattress.

Would it run under my Windows Mobile powered phone? Or a Blackberry or iPhone?

Reply to
Jonathan Bryce

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