tag:blogger.com,1999:blog-6322916946732811685.post2728693535108650657..comments2024-03-28T09:46:22.919-04:00Comments on Borepatch: Using your phone as your wallet is an unbelieveably bad ideaBorepatchhttp://www.blogger.com/profile/05029434172945099693noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6322916946732811685.post-49376701501957288672014-03-13T18:58:42.043-04:002014-03-13T18:58:42.043-04:00This Luddite thanks Borepatch for yet another reas...This Luddite thanks Borepatch for yet another reason to stay well behind current trends.FrankChttps://www.blogger.com/profile/07349761659165064987noreply@blogger.comtag:blogger.com,1999:blog-6322916946732811685.post-47453932426748734372014-03-13T17:08:58.119-04:002014-03-13T17:08:58.119-04:00Seriously, before I started reading your mobile ba...Seriously, before I started reading your mobile banking app rants, I was seriously annoyed that my cheap Android tablet wasn't from a "recognized manufacturer" and therefor couldn't download the apps from my banks from the only source -- the Google App Store. <br /><br />I was looking forward to upgrading to a smartphone and finally being able to bank by app.<br /><br />Now I'm glad I couldn't download those apps!Geodkythttps://www.blogger.com/profile/09328915597574377444noreply@blogger.comtag:blogger.com,1999:blog-6322916946732811685.post-77864476803565592752014-03-13T15:45:42.329-04:002014-03-13T15:45:42.329-04:00The Ubuntu phones look more tempting by the day, n...The Ubuntu phones look more tempting by the day, not that I'd particularly trust those either.Kenhttps://www.blogger.com/profile/04780425923108876647noreply@blogger.comtag:blogger.com,1999:blog-6322916946732811685.post-39618472481899049362014-03-13T14:03:04.245-04:002014-03-13T14:03:04.245-04:00I have a similar reaction every time I see the com...I have a similar reaction every time I see the commercial where every function of a house, including locks, is accessible via Smartphone app. <br /><br />It's such a bad idea that, when I turned to my parents (both of whom are in their mid-70s) and asked, "Do you realize why this is a horrible idea?", my nearly luddite mother was able to come up with the notion that "If someone steals or hacks your phone, you lose your house."Erin Palettehttps://www.blogger.com/profile/09984632637166408245noreply@blogger.comtag:blogger.com,1999:blog-6322916946732811685.post-43423050805295379212014-03-13T12:20:21.810-04:002014-03-13T12:20:21.810-04:00Our apartment landlord just takes a picture of our...Our apartment landlord just takes a picture of our check with his smartphone, and by that means it is deposited in his account. My wife is thrilled with this idea as an advantage in our nomadic lifestyle -- we've got homes in three states and are constantly sending checks by post to our "local" bank in some other state because the cost of a stamp is far cheaper than wire-transfer fees.<br />One of our banks announced a smartphone app, and my wife was very eager. She did not like my vociferous "no".<br />I'm toying with the idea of getting some non-android smartphone activated via MNVO and just keeping it in the safe for when we want to make a deposit. I'm thinking that Apple is probably the only practical option, but won't do it before investigating whether a windows phone might work.Douglas2https://www.blogger.com/profile/11290012200563917585noreply@blogger.comtag:blogger.com,1999:blog-6322916946732811685.post-31392100938861497382014-03-13T12:12:10.457-04:002014-03-13T12:12:10.457-04:00For the past 13 years I've worked at a small c...For the past 13 years I've worked at a small company that writes Internet Banking and Cash Management software for banks. We are not one of the "Big IBCM" vendors. Triple factor authentication, software tokens and keyfob tokens are available to help protect the customer's accounts. <br /><br />The banks monitor "irregular online behavior". Even with all the tools, the end user is their own worst enemy. No malware protection on their pc. Saved login ids and passwords. Weak user id and password credentials. Taking the bait from phishing emails. Alerts sent to the user if specific activity happens on the account. <br /><br />Companies using the product put convenience before security and have one person have the entire keys to the kingdom and avoid dual control. <br /><br />Their thinking is that "The Bank will stop the bad guys from taking my money". Once the funds are absconded, the bank will only make it good if the bank is negligent. <br /><br />BTW...I don't use mobile banking because I didn't build the phone and can't be sure what alls on it. <br /> WOZhttps://www.blogger.com/profile/03698477612328588685noreply@blogger.comtag:blogger.com,1999:blog-6322916946732811685.post-5742903108476370742014-03-13T12:10:50.571-04:002014-03-13T12:10:50.571-04:00For the past 13 years I've worked at a small c...For the past 13 years I've worked at a small company that writes Internet Banking and Cash Management software for banks. We are not one of the "Big IBCM" vendors. Triple factor authentication, software tokens and keyfob tokens are available to help protect the customer's accounts. <br /><br />The banks monitor "irregular online behavior". Even with all the tools, the end user is their own worst enemy. No malware protection on their pc. Saved login ids and passwords. Weak user id and password credentials. Taking the bait from phishing emails. Alerts sent to the user if specific activity happens on the account. <br /><br />Companies using the product put convenience before security and have one person have the entire keys to the kingdom and avoid dual control. <br /><br />Their thinking is that "The Bank will stop the bad guys from taking my money". Once the funds are absconded, the bank will only make it good if the bank is negligent. <br /><br />BTW...I don't use mobile banking because I didn't build the phone and can't be sure what alls on it. <br /> WOZhttps://www.blogger.com/profile/03698477612328588685noreply@blogger.comtag:blogger.com,1999:blog-6322916946732811685.post-59760481357136188242014-03-13T11:42:22.780-04:002014-03-13T11:42:22.780-04:00Three words... Oh HELL no! Three words... Oh HELL no! Old NFOhttps://www.blogger.com/profile/16404197287935017147noreply@blogger.com