Tuesday, 7 October 2008

Page 12/13 - Activity 13

I visited the banking site Barclays, this site offered lots in the way in advice and walkthroughs for how to use the online banking system. Even though I couldn't use the system I could see that the system was very effective from the walkthrough. The whole banking process we are used to has been turned on it's head into a much simpler process. Barclays supplies its customers with a calculator looking device that supplies them with a code for which they can reach their account from. from here the customer can manage their account. The really big advantage is that the device generates a different code each time, that has to be verified through Barclays, so the site is secure.
The other site I visited was Natwest, which was much the same as the Barclays, accept Natwest does not provide its customers with the code providing device. Instead Natwest simply asks for the last three digits on the back of the card. i think this is less secure then that of Barclays, because if ayone was to find out a Natwest's customer's pin number then there savings could be stolen from using the net.
I think that in the future, all banks should offer these code generating devices, as it makes the banking more secure. In addition to this I think that all internet banking could be improved with the introduction of seperate internet banking cards, with no numbers on it. This way if someone managed to steal this card it would be useless to the thief.

No comments: