FD physical secure key v electronic secure key

GingerBob_3

katejo wrote: »

Says it in the email which FD sent me earlier this week. States that I would be able to send to destinations already set up but then adds that some recipients including credit card companies will be excluded from this.

Well what utter b****s is that! What possible rationale is there to exclude credit card companies and not others? For me, paying them is far and away the biggest use I make of online banking. I could get along without a securekey, but not if I can't use the system to pay credit card companies.

Are there any mainstream banks that haven't implemented this stupid key generation system?

grumbler

GingerBob wrote: »

Well what utter b****s is that! What possible rationale is there to exclude credit card companies and not others?

I guess it's because the sort code and the account number are the same for all customers, but I agree that this makes no sense regardless as the reference is different and you cannot change it online without the key.

Mr_Goodkat

If they implement this regarding credit card payments I am not going to be impressed!!


I went for the physical secure key because I didn't like the digital key only to be available on one device and not possible for that device to be an IPad (I tend to get through a few mobiles and always have at least one personal and one work mobile on the go).


I have found I very rarely need to use the secure key as rare that I need to set up new payees or apply for new products.


I have 30+ current accounts but FD is the account I class as my 'main personal current account' in that it takes my salary, pays my personal (non cash back DD's) and also use it to pay off my credit cards on a monthly basis as well as feeding the monthly saver and sending money to the joint account and savings. Most of the time the account sits between £-250 & £+100 and just move money in and out as and when I need to with the majority of my spending going on cash back credit cards.


If they do implement this then I will probably look at doing things differently but will keep FD for regular saver and ISA

katejo

Mr_Goodkat wrote: »

If they implement this regarding credit card payments I am not going to be impressed!!

I assume that they will as it is given as a reason for needing a key

GingerBob_3

Mr_Goodkat wrote: »

If they implement this regarding credit card payments I am not going to be impressed!!


I went for the physical secure key because I didn't like the digital key only to be available on one device and not possible for that device to be an IPad (I tend to get through a few mobiles and always have at least one personal and one work mobile on the go).


I have found I very rarely need to use the secure key as rare that I need to set up new payees or apply for new products.


I have 30+ current accounts but FD is the account I class as my 'main personal current account' in that it takes my salary, pays my personal (non cash back DD's) and also use it to pay off my credit cards on a monthly basis as well as feeding the monthly saver and sending money to the joint account and savings. Most of the time the account sits between £-250 & £+100 and just move money in and out as and when I need to with the majority of my spending going on cash back credit cards.


If they do implement this then I will probably look at doing things differently but will keep FD for regular saver and ISA

So are you saying that you already have a SecureKey, and you can log on without it, and make a payment to a CC company, in effect without using the key at all?

Mr_Goodkat

GingerBob wrote: »

So are you saying that you already have a SecureKey, and you can log on without it, and make a payment to a CC company, in effect without using the key at all?

Yes currently have secure key and can log in without it, only need it currently to set up new payees and apply for new products but katejo says in the future payments to the likes of credit card companies will require the secure key even if they are set up as payees already

GingerBob_3

Mr_Goodkat wrote: »

Yes currently have secure key and can log in without it, only need it currently to set up new payees and apply for new products but katejo says in the future payments to the likes of credit card companies will require the secure key even if they are set up as payees already

Em... thanks. Don't know what to make of it then. At the moment payments can be made to CC companies without the key at all, but in the future this won't be possible.

So, as requested earlier, which online banks, if any, haven't implemented these keys?

Archi_Bald

GingerBob wrote: »

Are there any mainstream banks that haven't implemented this stupid key generation system?

FD, HSBC and Yorkshire/Clydesdale bank have a similar approach, needing their unique physical or electronic key generator.

Santander needs a registered mobile phone to send you an authorisation code to. Lloyds / Halifax / Bank of Scotland and TSB send you codes to either your registered mobile or your landline. You can use the registered mobile for PAYM as well at all those banks.

Nationwide, Natwest, RBS, Ulster and I believe Barclays need a debit card and a gadget that generates a code.

Tesco needs nothing at all IIRC.

dr_adidas01

Archi_Bald wrote: »

FD, HSBC and Yorkshire/Clydesdale bank have a similar approach, needing their unique physical or electronic key generator.

Santander needs a registered mobile phone to send you an authorisation code to. Lloyds / Halifax / Bank of Scotland and TSB send you codes to either your registered mobile or your landline. You can use the registered mobile for PAYM as well at all those banks.

Nationwide, Natwest, RBS, Ulster and I believe Barclays need a debit card and a gadget that generates a code.

Tesco needs nothing at all IIRC.

With barclays mobile app you can use it to log into online banking via a computer, so that you don't have to carry around your physical pinsentry device to log in.

Barclays don't force you into having only either a physical device to log in or only use your mobile to be able to log in, you can use both methods.

katejo

Mr_Goodkat wrote: »

Yes currently have secure key and can log in without it, only need it currently to set up new payees and apply for new products but katejo says in the future payments to the likes of credit card companies will require the secure key even if they are set up as payees already

I don't actually have a key yet. I am just going on the content of the email from FD which I got this week. I don't know the cut off date by which I need to get a key. I can still make payments to already existing payees at the moment. I made a credit card payment about 3 days ago.
If I log on, I am asked which key I want but haven't yet answered.