Phones and credit card security.
Lloyds TSB believe mobile phones could be set to become card-reading devices in the battle against credit card fraud. Others, including Apacs, suggest that a contact-less technology is more viable. Either way, agreement is forming that a mobile phone can play a role in card security, particularly because the mobile phone is often at the consumers side.
In New Zealand and South Africa banks are sending authentication codes to customers via SMS.
Reported in Computing, 13 July 2006.
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