If we are to have
confidence in Internet banking technology it is essential that
those in whom we entrust our funds are always one step ahead.
In trying to understand
how do bank card readers work we need first to be clear about
what their precise role is in the security process. Their role
is, essentially, to provide another level of security beyond
that which is offered by use of a simple PIN and password. By
requiring the customer to employ the card reader, which arrives
via the post under separate cover to the other security information,
it is extremely difficult for a fraudster to hack into his or
How do bank card
readers work in practice?
A bank card reader
is a very small, hand-held piece of equipment that has the outward
appearance of a pocket calculator. It has a slot into which
you place your bank card, which activates a series of commands
which, when followed, allow you to perform certain advanced
functions which you would not otherwise have been authorised
to undertake. The range of additional functions that it enables
varies according to which bank you are with.
of a bank card reader transforms security information from something
you know to something that is in your physical possession, making
it impossible for hackers to breach for as long as the equipment
remains in your hands.
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