That is pretty awesome. I would think that "traffic" will just be classified as a normal phone call, so how that gets billed will be interesting, but still ... pretty awesome.
Triple security questions or something similar to current fallbacks for PIN issues.
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midga"There's so much hot dog in Rome" ~digi(> ^.(> O_o)>Icrontian
So, if someone steals my wallet and phone, they'll be able to get at my money easier than if they had to use something stored in my head? PINs are too short already.
Okay, that was my initial reaction, but then I realized you're talking about instantly-generated second-level authentication that use your phone anyway, not things like ATM PINs. This is pretty neat, but sometimes those come through email, presumably because not everyone can receive texts, or even has a cell phone. As an option, though, I'd love to see it happen.
So what if I left my phone at home or in the car? What if the cell network is temporarily down or I'm in a bad signal service aea? What if there's so much noise around me that the thing can't hear the code cleanly?
What if I didn't pay the cell phone bill and it is shut off? How can I get into my account to get money to pay the cell phone bill if the cell phone is shut off because I haven't paid the bill?
This is just more unnecessary technology. Stick with what works. PIN codes are fine.
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BlackHawkBible music connoisseurThere's no place like 127.0.0.1Icrontian
edited June 2012
A smart guy like yourself would probably just avoid all of this technological wizardry and go physically to the bank.
Comments
Handshake anyone?
or leave it at home
or it doesn't have a charge
or I don't have signal
It's not unsolvable, just wondering what they'll do. It's the fallback options that really determine how useful and secure a two-factor system is.
So, if someone steals my wallet and phone, they'll be able to get at my money easier than if they had to use something stored in my head? PINs are too short already.Okay, that was my initial reaction, but then I realized you're talking about instantly-generated second-level authentication that use your phone anyway, not things like ATM PINs. This is pretty neat, but sometimes those come through email, presumably because not everyone can receive texts, or even has a cell phone. As an option, though, I'd love to see it happen.
What if I didn't pay the cell phone bill and it is shut off? How can I get into my account to get money to pay the cell phone bill if the cell phone is shut off because I haven't paid the bill?
This is just more unnecessary technology. Stick with what works. PIN codes are fine.