How to make online banking harder curtesy of Lloyds TSB
I'm a huge fan of online banking, especially for running EduGeek. It means I can see, manage and transfer money\pay bills without having to write cheques or visit the bank (my least favorite activity), and I know exactly where I am when 'doing' the books.
Now Lloyds TSB have decided to take the ease of online banking and make it twice as slow. You see I've been sent one of these card readers under the auspices of 'fraud prevention' (never mind I need 2 passwords and random character insertion to simply log onto the account.
Now I simply assumed it was to help with a more secure logon process, but alas no. Now, when I log in (using the provided random number generator in the card reader) and want to pay a bill or transfer money I still have to type out all of the recipients details such as sort code, account number and amount transferred, then do it all again on the keypad to generate the random number now required to authorise the transfer. You must do this for every payment you do online. It also does not help that the keypad on the device is not very responsive and requires you to double check every keypress.
Thanks Lloyds TSB. You've just made online banking twice as lengthy and less versatile as I now have to ensure I take this device everywhere with me when on business, or simply for day to day use if I want to work from home!!
*I know it shows a Barclays branded version there, but mine is the same as that one.
If this is progress you can keep it.