Monday, June 30, 2003

Smart pin-use?

Elsevier Magazine reports this week that SNS Bank has for quite some time now introduced a feature for its customers with the name: 'smarter pinnen' (smarter use of the PIN-code). Essentially consumer may choose to use the same card and PIN-code for a number of current accounts and savings accounts.

Fortis Bank will follow with a similar product introduction. Other banks are not eally considering it. Elsevier notes that smart pinnen is easy, but there is always the risk that -in case of a skimming/shoulder surfing attack- all accounts will be emptied.....