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In the UK it seems that almost all online banking transactions are now verified by SMS. As far as I can tell this is required by law, and replaced the previous, bank card + card reader + pin verification system, which was not only more secure but also did not depend on having a working mobile phone with signal.

I hope that this will in due course be recognised as a terrible mistake and rectified. Unfortunately my hope is only faint.




Which bank? I'm with LLoyds and transactions are verified via the app, not SMS.


Same with Natwest / Virgin. I do not think I have ever verified anything with SMS banking wise, sometimes you get alerts via SMS though.


Same with HSBC (globally actually, not just in the UK).


First line is not true at all. SMS is an option, but many support app based 2fa

Agree about the card reader being useful for offline. But I never remembered the thing and was often stuck when travelling




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