Absa moving away from SMS and USSD

[Newsfeed]

Absa moving away from SMS and USSD

Absa has started rolling out SureCheck 2.0, its new transaction verification system, to clients who use its mobile app.

 

[Coasti]

It caught me off guard yesterday.

 

[The_MAC]

FNB has been having it

 

[backstreetboy]

FNB has been having it

Capitec since the beginning...

 

[Gaz{M}]

So now all the phishers need is your app password and then then can still rob you.

 

[vic777]

FNB has been having it

FNB also expects you to enter your bank PIN on your phone, which is a non-secure PIN entry device

 

[McGuywer]

Aren't ABSA a bit late to the party?

 

[The_MAC]

FNB also expects you to enter your bank PIN on your phone, which is a non-secure PIN entry device

Where exactly?

 

[supersunbird]

FNB also expects you to enter your bank PIN on your phone, which is a non-secure PIN entry device

The only time I enter my pin in when I setup the app for the first time (and has to be with the relevant cards number) and after that one uses one internet banking password to sign in.

 

[vic777]

The only time I enter my pin in when I setup the app for the first time (and has to be with the relevant cards number) and after that one uses one internet banking password to sign in.

Still, you have to enter a PIN that should only ever be entered on a device that is secure, like a pin pad, payment terminal or ATM

 

[Pythonista]

Rooted phone .... cough .. cough ...

 

[supersunbird]

Still, you have to enter a PIN that should only ever be entered on a device that is secure, like a pin pad, payment terminal or ATM

Why is your phone unsecure? It's not like they can do much with it (because you used a fake FNB app?)m unless they then come and clone your card as well.

 

[F1 Fan]

Still, you have to enter a PIN that should only ever be entered on a device that is secure, like a pin pad, payment terminal or ATM

'I assume you therefore don't use your online banking either as you would be entering it on an unsecured device?

 

[gconey]

Unless radio fingerprinting is used to prevent phone cloning then this is a cost reduction measure and not a customer risk mitigation measure. The risk of phishing remains the same and this risk is still determined by the gullibility of the potential victim regardless of authentication method that's used.

 

[biometrics]

What does this mean?

According to Absa, clients will not need to re-register to use SureCheck 2.0 and it emphasised that none of their credentials will change.

 

[OneKnight]

What does this mean?

If you are already registered for Internet Banking, you won't have to do it again.

 

[biometrics]

If you are already registered for Internet Banking, you won't have to do it again.

Oops, my brain blanked out the "not".

 

[vic777]

Where exactly?

When you set up your FNB Internet banking app

 

[vic777]

'I assume you therefore don't use your online banking either as you would be entering it on an unsecured device?

I have ABSA accounts and FNB accounts. ABSA internet banking PIN is not the same PIN you use when you do ATM withdrawals and at no point does ABSA expect you to enter that PIN.

 

[OneKnight]

I have ABSA accounts and FNB accounts. ABSA internet banking PIN is not the same PIN you use when you do ATM withdrawals and at no point does ABSA expect you to enter that PIN.

I concur.

ABSA even asks you if you would like to use Touch ID instead of a PIN for the app.