Those of us with double-barreled surnames have been keenly aware of this for quite some time.
Your Mother’s Maiden Name Is Not a Secret
11–20 of 274 posts
Re: Your Mother’s Maiden Name Is Not a Secret
#12Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
> "wiring" money between european bank accounts is free (and not called wiring, not sure what in english though)
Transferring? That's how it's referred to in my family and social groups.
Re: Your Mother’s Maiden Name Is Not a Secret
#13Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
It's not a US vs Europe thing. There have been past incidents with Korean websites asking what city you were born in, and since the Seoul area has half the population, that worked for roughly half the users.
Re: Your Mother’s Maiden Name Is Not a Secret
#14Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
> maybe a slow cobol mainframe somewhere Inter-bank money transfers in US are handled by a system that needs multiple "business days" for a transaction to be finalised so you're on the money here: https://engineering.gusto.com/how-ach-works-a-developer-pers...
Oh european banks also like to keep the money for a day. Other than that day of interest it's free though :) no 25 dollar wiring fee as seen in US
Re: Your Mother’s Maiden Name Is Not a Secret
#15Haha, that's why I have been using a made up "mother's maiden" name for the past 5 years!
That's not really any better. If a site is hacked that has your made up name, that gets published on the carder sites [1] along with your other information (email, credit card number, phone). It may not work to get a new credit card in your name, but it can be used to reset your password on some other crappy site that uses that information for "forgot password".
[1] https://krebsonsecurity.com/2017/12/the-market-for-stolen-ac...
Re: Your Mother’s Maiden Name Is Not a Secret
#16Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
I don't know about the cause, but I just want to say that it's extremely frustrating and at least a little distressing to deal with US banks in 2017 that don't offer proper 2FA, with SMS being the highest security option.
Re: Your Mother’s Maiden Name Is Not a Secret
#17Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
While most of those points generally are true I'd say that banking in Europe is only marginally better.
They still have weird, mostly paper-based processes and decades-old mainframes (though that's not necessarily a bad thing). Not long ago the 2nd factor consisted of a paper slip with enumerated transaction numbers.
You'd have a hard time finding a bank that allows you to easily export data to accounting software. APIs accessible to customers are something unheard of.
All that nagging aside, a reason for US banks being even more stuck in the 70s might be the success of credit cards. Until the mid-90s hardly anyone used those in Europe and they're still not all that common, which in turn means that most cashless payments happen via some sort of card issued by banks directly.
Re: Your Mother’s Maiden Name Is Not a Secret
#18Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
It's not a US vs Europe thing. There have been past incidents with Korean websites asking what city you were born in, and since the Seoul area has half the population, that worked for roughly half the users.
True, South Korea is also something special... everyone was required to have internet explorer with activeX for a very long time there to do banking and online shopping
Re: Your Mother’s Maiden Name Is Not a Secret
#19Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
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Re: Your Mother’s Maiden Name Is Not a Secret
#20Does anyone know the cause of the large and long standing difference in banking in US vs Europe? In europe: -for 15 or so years already, web banking has been with 2nd factor authentication (since its inception I assume). In previous decades we would get devices where you need to type numbers from its lcd screen into the webpage login. Today mobile auth apps are taking over. -I have never seen a bank have security que…
> between european bank accounts is free Between European bank accounts in the same country. Also, not every European country, unfortunately. > paper cheques don't exist since over a decade They still do. They're very rarely used, but they can be useful for cases where you want to buy something like a car without changing the card limits.
> Between European bank accounts in the same country. Also, not every European country, unfortunately.
Unless I'm mistaken, transfers in Europe are by law required to cost the same inside and out of the country. My Greek bank charges 1 euro for a transfer, no matter if the bank is in Greece or anywhere else in the EU. My German bank doesn't charge anything, and I pay my rent from my German account.
> They're very rarely used, but they can be useful for cases where you want to buy something like a car without changing the card limits.
None of the banks I have accounts with ever gave me a chequebook. If I want to buy a car, I will transfer the money through SEPA, as normal, for free.