Mcf777 Turbocharged March 18, 2015 Share March 18, 2015 Dbs is the worst. Some transaction required password from the token. So unfriendly. So troublesome. Lousy bank in Singapore. No wonder people label it as FT Bank ↡ Advertisement Link to post Share on other sites More sharing options...
Ben5266 Supercharged March 18, 2015 Share March 18, 2015 The initial login page user ID is known only to you. The initial login password is also only known to you. For the 2nd factor authentication, it comes in the form of a mobile phone SMS or a token. You need to be seriously careless for someone to be able to break into your internet banking access. And for those who are not comfortable with internet banking, suggest you cut up your credit cards. Those are even easier to fraud. ...err... if you are referring to the old credit cards with only the magstripe, yes. But not the new cc with chip. At least until now, it is not hack yet. Mai spread fear.... Link to post Share on other sites More sharing options...
Sabian Turbocharged March 18, 2015 Share March 18, 2015 (edited) ...err... if you are referring to the old credit cards with only the magstripe, yes. But not the new cc with chip. At least until now, it is not hack yet. Mai spread fear.... Not every transaction has to be an EMV transaction. There are still websites that accept non-verified transactions. Although you will not be liable for the transactions eventually, the hassle of calling your bank up and blocking your card and cancelling it and replacing it. And if you have recurring bill payment on that card, you'll need to re-execute them. Edited March 18, 2015 by Sabian Link to post Share on other sites More sharing options...
Ben5266 Supercharged March 18, 2015 Share March 18, 2015 Not every transaction has to be an EMV transaction. There are still websites that accept non-verified transactions. Although you will not be liable for the transactions eventually, the hassle of calling your bank up and blocking your card and cancelling it and replacing it. And if you have recurring bill payment on that card, you'll need to re-execute them. as you rightly pointed out, the consumer can denied our cc transaction. So, less concern. As for online banking.... Put it this way. What is given to us, looks secured. Great. But, there is something that we do not know. or yet to be exploited. unknown threat The unknown is the main concern .... 1 Link to post Share on other sites More sharing options...
Nzy Twincharged March 18, 2015 Share March 18, 2015 For iPhone, I can see the OTP code on the notification. Need not unlock the phone, if I am not mistaken. as for the token, I believe one needs to key in 6 digit PIN follow by the 6 digits on display? Oh. I didn't know that. I don't use iphone. All my android phones won't show the whole notification if the phone has a password/fingerprint lock. I don't think all tokens need the PIN. Some just need to log in on the computer/phone then press a button on the token to get the OTP. Link to post Share on other sites More sharing options...
Kangadrool Supersonic March 18, 2015 Share March 18, 2015 most can be seen w/o unlocking. Oh. I didn't know that. I don't use iphone. All my android phones won't show the whole notification if the phone has a password/fingerprint lock. I don't think all tokens need the PIN. Some just need to log in on the computer/phone then press a button on the token to get the OTP. 2 Link to post Share on other sites More sharing options...
Jungus 4th Gear March 18, 2015 Share March 18, 2015 UOB can do without token? My experience is you need token for certain transactions... Link to post Share on other sites More sharing options...
Nzy Twincharged March 18, 2015 Share March 18, 2015 (edited) most can be seen w/o unlocking. Maybe my screen too small can't show the whole message. On my note 4 only can see part of the message. Can't see the 6 digits. Edited March 18, 2015 by Nzy Link to post Share on other sites More sharing options...
Sabian Turbocharged March 18, 2015 Share March 18, 2015 (edited) Whether it appears on your mobile phone locked screen depends on your incoming messages setting. Edited March 18, 2015 by Sabian Link to post Share on other sites More sharing options...
Ben5266 Supercharged March 19, 2015 Share March 19, 2015 Interesting technology.. UK Bank Tests Out Electronic Wristbands that Use Customers’ Heartbeats for AuthenticationHalifax, a bank based in the UK, is testing out electronic wristbands that use customers’ heartbeats for authentication in an effort to make online banking safer. The test relies on the Nymi Band, an electronic wristband that measures a registered user’s heartbeat and uses those signals as a means of online verification. Via an electrocardiogram sensor, the Nymi Band measures the overall contours of a user’s heartwave, allowing for continuous authentication. This differs from iris or facial scanners, which require authentication every time a user wants to unlock something and which can be hacked. Users can verify their identities by touching a sensor on the wristband while a bottom sensor measures the user’s heartbeat observed from the wrist. These sensors create an electrical loop that allows the technology to compare the heartwave contours of the wearer with the band’s registered user. It then sends the ECG data via Bluetooth to a smartphone or other paired device. http://www.tripwire.com/state-of-security/latest-security-news/uk-bank-tests-out-electronic-wristbands-that-use-customers-heartbeats-for-authentication/ Link to post Share on other sites More sharing options...
Kimchicarlover 1st Gear March 19, 2015 Share March 19, 2015 When you transfer money by internet banking or pay a bill by internet banking, nowadays you have a dewberry or token or whatever the piece of kit is called which generates a number which has to be included in the transaction for the payment to go ahead. How does this 'token' work. How is the number generated and how is it verified by the bank??? When you mixed % of blue and % of yellow paint, you get a unique green paint. But if you were given that unique green paint, you would not know what mixture and in what proportions of paint that made the green paint. There are many mixtures that can give yield the result. When you registered your token, you have to key in the serial number of your token. That is, the banks knows you have so many parts of blue paint. So, when the token generates a number, it is like giving you a unique green paint. Because the banks knows you have a so many parts of blue paint to start with, they can work backwards to determine that the green paint comes from you. Others would not be able to decrypt the green paint. This is a simple explanation. Read it up in Simon Singh's "The Code Book". Link to post Share on other sites More sharing options...
Adrianli Hypersonic March 20, 2015 Share March 20, 2015 Question. How can I transfer MYR from my SG bank account to another MY bank account??? I am trying to pay a malaysia farm for a farm stay vacation. They only have Maybank (MY) account. I tried using my POSB account but only can transfer SGD to overseas account, not MYR. I do not know the bank's exchange rate so how should I do it so that the other party gets the correct amount in MYR??? Link to post Share on other sites More sharing options...
Sabian Turbocharged March 20, 2015 Share March 20, 2015 Question. How can I transfer MYR from my SG bank account to another MY bank account??? I am trying to pay a malaysia farm for a farm stay vacation. They only have Maybank (MY) account. I tried using my POSB account but only can transfer SGD to overseas account, not MYR. I do not know the bank's exchange rate so how should I do it so that the other party gets the correct amount in MYR??? MYR controlled currency. If you want your the beneficiary to received the exact amount, probably only Maybank can provide this service as they have an internal arrangement with Maybank in MY for the exact rate that will be applied. Service fee applies though. *assumption: your beneficiary maintains an account with Maybank. I transferred via this method a few years back and they should still be offering this service but call ahead to check before heading down. 1 Link to post Share on other sites More sharing options...
Adrianli Hypersonic March 20, 2015 Share March 20, 2015 MYR controlled currency. If you want your the beneficiary to received the exact amount, probably only Maybank can provide this service as they have an internal arrangement with Maybank in MY for the exact rate that will be applied. Service fee applies though. *assumption: your beneficiary maintains an account with Maybank. I transferred via this method a few years back and they should still be offering this service but call ahead to check before heading down. Thanks. There is Maybank branch near my workplace. I will go there and ask. Link to post Share on other sites More sharing options...
Kangadrool Supersonic March 20, 2015 Share March 20, 2015 (edited) if don't have Maybank or RHB account, open one. Very useful. You can use online FAST transfer... http://info.maybank2u.com.sg/eservices/personal/local-funds-transfer-fast.aspx Free and FAST, I mean really fast... I transferred morning, they received immediately in the morning too! Charges during non-promotional period is SGD5. They rebated me SGD5 the next month. ROE also very close to money changer. Question. How can I transfer MYR from my SG bank account to another MY bank account??? I am trying to pay a malaysia farm for a farm stay vacation. They only have Maybank (MY) account. I tried using my POSB account but only can transfer SGD to overseas account, not MYR. I do not know the bank's exchange rate so how should I do it so that the other party gets the correct amount in MYR??? Edited March 20, 2015 by Kangadrool 1 Link to post Share on other sites More sharing options...
Sabian Turbocharged March 20, 2015 Share March 20, 2015 if don't have Maybank or RHB account, open one. Very useful. You can use online FAST transfer... http://info.maybank2u.com.sg/eservices/personal/local-funds-transfer-fast.aspx Free and FAST, I mean really fast... I transferred morning, they received immediately in the morning too! Charges during non-promotional period is SGD5. They rebated me SGD5 the next month. ROE also very close to money changer. 1. If you are talking about FAST, most retail banks are participating in FAST so why need to open an account with Maybank or RHB? 2. Or are you saying can transfer to M'sia using FAST because that is what Adrianli wants to know. Link to post Share on other sites More sharing options...
Adrianli Hypersonic March 20, 2015 Share March 20, 2015 MYR controlled currency. If you want your the beneficiary to received the exact amount, probably only Maybank can provide this service as they have an internal arrangement with Maybank in MY for the exact rate that will be applied. Service fee applies though. *assumption: your beneficiary maintains an account with Maybank. I transferred via this method a few years back and they should still be offering this service but call ahead to check before heading down. I just went to the Maybank and asked. The counter person say cannot. I need to have a Maybank Savings Account then can transfer to the MY Maybank Account. I am unable to deposit money to MY Maybank Account just like that. I think its some money laundering act that is preventing the banks from doing such deposits. Link to post Share on other sites More sharing options...
Sabian Turbocharged March 20, 2015 Share March 20, 2015 I just went to the Maybank and asked. The counter person say cannot. I need to have a Maybank Savings Account then can transfer to the MY Maybank Account. I am unable to deposit money to MY Maybank Account just like that. I think its some money laundering act that is preventing the banks from doing such deposits. That's likely the case. If you open an account with them, they'd have to perform their usual simi KYC or AML checks on you. But without an account, they can't and so they probably do not entertain walk-in remittance transactions like they used to. Why not open an account then? ↡ Advertisement Link to post Share on other sites More sharing options...
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